South Korea's October jobless rate at 11-month low

South Korea's October jobless rate fell to the lowest level for 11 months in another sign the economy is recovering from a sharp downturn, official figures showed Wednesday.
The unemployment rate stood at 3.2 percent last month, down from 3.4 percent the previous month, according to the National Statistical Office.
It was the lowest since 3.1 percent in November last year.
The number of employed people stood at 23.85 million last month, up 10,000 from a year earlier. The year-on-year job growth was smaller than a 71,000 rise in the previous month.
The government has said it will not withdraw stimulus measures in the near future, citing the still weak job market and sluggish capital investment by companies, even though recent economic indicators have been positive.