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Korea's on-year job creation grows on back of improvements in manufacturing and retail sectors Updated: 2014-08-13 22:03:25 KST

The number of new jobs rebounded in July after shrinking for the previous four months, fueling hopes of a pick-up in the nation's economic recovery.
Statistics Korea says, yearly job growth topped 500-thousand in July from less than 400-thousand the month before after peaking at more than 800-thousand in February.
Employment improved in the manufacturing, retail and construction sectors in particular.
The jobless rate, however, also inched up to 3.4 percent in July.
Young job seekers are still facing tough conditions, with the jobless rate among those aged between 15 and 29 standing at 9 percent.


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