HONG KONG, March 13 (Xinhua) -- South Korea's jobless rate rose to 4 percent in February as university graduates and school leavers flowed into the workforce in the graduation period, statistical agency data showed Wednesday.
Unemployment rate was 4 percent in February after posting 3. 4 percent in the prior month, according to Statistics Korea. The number of people unemployed, who failed to land work despite job- hunting efforts, rose to 990,000 last month from 847,000 in the previous month.
"Jobless rates tend to go higher in February when younger generation enters the workforce after graduation," the statistical agency said in a press release. "This February's unemployment rate was down from February 2012."
The jobless rate in February was down 0.2 percentage point from a year earlier, and the unemployed fell 53,000 compared with the same month of 2012.