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SEOUL — South Korea’s unemployment rate fell to a record low in August, while employed people increased for an 18th straight month, government data showed on Friday.
The country’s seasonally adjusted unemployment rate for August fell to 2.5% from 2.9% in July, hitting the lowest since the data release began in June 1999, according to the Statistics Korea.
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The number of employed people increased by 807,000 compared with the same month a year earlier, extending on-year gains to an 18th consecutive month. (Reporting by Jihoon Lee; Editing by Jacqueline Wong)
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