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flag South Korea's jobless claims surge by 12.4% in October, reversing recent employment gains.

flag South Korea saw a 12.4% rise in jobless claims in October, with 89,000 new applicants, due to increased demand in construction, wholesale and retail, and manufacturing. flag This follows a three-month improvement in the employment market. flag The total payment for job-seeking benefits grew by 9.9% to 1 trillion won (715.6 million USD), and the number of benefit receivers reached 587,000, up 3.7% from last year.

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