Labor Force Participation Rate in South Korea decreased to 63.30 percent in August from 64 percent in July of 2019. Labor Force Participation Rate in South Korea averaged 60.95 percent from 1982 until 2019, 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.

Labor Force Participation Rate in South Korea is expected to be 63.50 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 64.00 in 12 months time. In the long-term, the South Korea Labor Force Participation Rate is projected to trend around 63.00 percent in 2020, according to our econometric models.

South Korea Labor Force Participation Rate
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 4.00 7.10 3.00 percent [+]
Employed Persons 27196.00 27050.00 27196.00 20268.00 Thousand [+]
Unemployed Persons 867.00 1131.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.30 64.00 64.20 48.50 percent [+]
Productivity 108.00 111.30 111.50 53.50 Index Points [+]
Labour Costs 129.90 103.50 129.90 69.00 Index Points [+]
Wages 3585588.00 4021244.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3804036.00 4654149.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8350.00 7530.00 8350.00 600.00 KRW/Hour [+]
Population 51.61 51.36 51.61 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 7.10 9.70 13.40 3.80 percent [+]
Employment Rate 61.40 61.50 61.60 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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
63.30 64.00 64.20 48.50 1982 - 2019 percent Monthly
NSA




Country Last Previous
United Kingdom 79.20 Jun/19
France 72.00 Jun/19
Netherlands 71.20 Aug/19
Indonesia 69.20 Dec/18
Switzerland 68.30 Mar/19
Russia 67.70 Mar/19
Singapore 67.70 Dec/18
Australia 66.20 Aug/19
Canada 65.80 Aug/19
Italy 65.80 Jul/19
South Korea 63.30 Aug/19
United States 63.20 Aug/19
Brazil 62.10 Jul/19
Japan 62.10 Jul/19
Germany 61.50 Mar/19
Mexico 60.50 Jun/19
South Africa 59.80 Jun/19
Spain 58.74 Jun/19
Saudi Arabia 57.90 Jun/19
Euro Area 57.10 Mar/19
Turkey 52.90 Jun/19
India 49.80 Dec/18
Argentina 47.70 Jun/19


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