S. Korea's October jobless rate at an 11-month low

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.

Industrial output in September posted its highest growth for 20 months. Gross domestic product rose 2.9 percent in July-September compared to April-June, the fastest quarter-on-quarter growth for more than seven years.

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