Job creation in Korea slowed to its lowest rate of 2012 in August, due in large part to the unusual weather conditions and a surge in new jobs one month earlier.

According to Statistics Korea on Wednesday, 364,000 new jobs were created last month, dropping from 470,000 in July.

However, the nation's jobless rate fell to 3 percent -- its lowest this year.

The employment-to-population ratio, which is the proportion of the working-age (15 and above) population that is employed, edged up to about 60 percent thanks to an increase in newly hired employees in their 50s and 60s. However, young jobseekers still struggled as their employment rate fell for the fourth consecutive month.