Labor Force Participation Rate in South Korea increased to 61.60 percent in February from 60.90 percent in January of 2021. source: Statistics Korea

Labor Force Participation Rate in South Korea averaged 61.02 percent from 1982 until 2021, reaching an all time high of 64.20 percent in June of 2019 and a record low of 48.50 percent in January of 1984. This page provides - South Korea Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Labor Force Participation Rate - values, historical data and charts - was last updated on April of 2021.

Labor Force Participation Rate in South Korea is expected to be 61.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in South Korea to stand at 63.00 in 12 months time. In the long-term, the South Korea Labor Force Participation Rate is projected to trend around 63.00 percent in 2022, according to our econometric models.

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South Korea Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
61.60 60.90 64.20 48.50 1982 - 2021 percent Monthly
NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 5.40 7.10 3.00 percent [+]
Employed Persons 27017.00 26485.00 27508.00 20268.00 Thousand [+]
Unemployed Persons 1127.00 1519.00 1546.00 695.00 Thousand [+]
Labor Force Participation Rate 61.60 60.90 64.20 48.50 percent [+]
Labour Costs 109.30 104.00 129.90 69.00 points [+]
Productivity 113.50 111.00 115.80 53.50 points [+]
Wages 3868678.00 3895894.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4248573.00 4232213.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8720.00 8590.00 8720.00 600.00 KRW/Hour [+]
Population 51.78 51.71 51.78 25.01 Million [+]
Retirement Age Women 62.00 60.00 62.00 55.00 [+]
Retirement Age Men 62.00 60.00 62.00 55.00 [+]
Youth Unemployment Rate 10.00 9.30 13.40 3.80 percent [+]
Employment Rate 57.40 59.10 61.70 56.10 percent [+]


South Korea Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.