South Korea's jobless rate falls to 2.7% in September

South Korea's jobless rate fell in September from a month earlier and job creation accelerated, raising hopes that labor market conditions are improving, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 2.7 percent last month, down from 3 percent in August. The jobless rate adjusted for inflation also fell to 3 percent from 3.1 percent over the cited period. Job creation is also picking up speed. The number of employed people was 25.47 million in September, up 463,000 from a year earlier. The on-year job growth represented the largest jump in 12 months since September last year when 685,000 jobs were added to the economy, the report showed.