South Korea's Jobless Claims Fall 9.1 Percent in March
The number of new applicants for job-seeking benefits stood at 130,800 in March, down 9.1 percent from the same month of last year, according to the Ministry of Employment and Labor.
The number kept sliding for the second straight month after dropping in double digits in the previous month.
The benefit applicants reduced in the education service, the manufacturing and the wholesale and retail industries, but the reading in the finance and insurance and the information and communication sector added last month.
The job-seeking benefits are offered by the government to help the unemployed seek jobs, taking up a majority of unemployment benefits. It is financed by the state employment insurance fund.
The number of benefit receivers totaled 654,600 in March, down 3.0 percent from a year earlier. It marked the first downturn in 14 months.
The total payment of job-seeking benefits diminished 6.2 percent to 969.6 billion won (716.7 million U.S. dollars) in the cited month.
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