South Korea’s Unemployment Rate Held at 3.1% in November From Month Ago

http://www.bloomberg.com/news/2011-12-13/south-korea-s-unemployment-rate-held-at-3-1-in-november-from-month-ago.html

South Korea’s unemployment rate held at a three-year low last month as service industries hired more workers to meet growing demand.

The jobless rate stood at 3.1 percent in November, unchanged from October, Statistics Korea said today in Gwacheon, south of Seoul. The median estimate in a Bloomberg News survey of 10 economists was for a rate of 3.2 percent.

South Korea’s job market is showing resilience even as the deepening debt crisis in Europe and slowing global growth threaten to cool an economy that has grown for 11 straight quarters. Industrial production unexpectedly fell in October while department store sales also dropped.