Employment Rate in South Korea increased to 61.30 percent in June from 61.20 percent in May of 2021. source: Statistics Korea

Employment Rate in South Korea averaged 59.82 percent from 1999 until 2021, reaching an all time high of 61.70 percent in October of 2019 and a record low of 56.10 percent in February of 2001. This page provides - South Korea Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Employment Rate - values, historical data and charts - was last updated on October of 2021.

Employment Rate in South Korea is expected to be 58.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in South Korea to stand at 61.00 in 12 months time. In the long-term, the South Korea Employment Rate is projected to trend around 60.00 percent in 2022, according to our econometric models.

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South Korea Employment Rate

South Korea Last Unit Reference Previous Highest Lowest
Unemployment Rate 3.00 percent Sep/21 2.80 7.10 2.80
Employed Persons 27454.00 Thousand Sep/21 27399.00 27508.00 20268.00
Unemployed Persons 849.00 Thousand Sep/21 794.00 1546.00 695.00
Labor Force Participation Rate 63.00 percent Sep/21 62.80 64.20 48.50
Employment Rate 61.30 percent Jun/21 61.20 61.70 56.10

South Korea Employment Rate
In South Korea, the employment rate measures the number of people who have a job as a percentage of the population.