South Korea Labor Force Participation Rate

Labor Force Participation Rate in South Korea decreased to 62.20 percent in December from 63.40 percent in November of 2018. Labor Force Participation Rate in South Korea averaged 60.91 percent from 1982 until 2018, reaching an all time high of 63.90 percent in June of 2017 and a record low of 48.50 percent in January of 1984.

Labor Force Participation Rate in South Korea is expected to be 62.90 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 62.70 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	3.80	3.80	7.10	3.00	percent	[+]
Employed Persons	26889.00	26966.00	26966.00	20268.00	Thousand	[+]
Unemployed Persons	1059.00	1064.00	1546.00	691.00	Thousand	[+]
Labor Force Participation Rate	62.20	63.40	63.90	48.50	percent	[+]
Productivity	109.80	109.20	109.80	53.50	Index Points	[+]
Labour Costs	109.40	96.50	149.40	91.30	Index Points	[+]
Wages	3737254.00	3457189.00	3917383.00	2460239.00	KRW/Month	[+]
Wages in Manufacturing	4067903.00	3692181.00	4562783.00	2520139.00	KRW/Month	[+]
Minimum Wages	7530.00	6470.00	7530.00	600.00	KRW/Hour	[+]
Population	51.45	51.25	51.45	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	8.60	8.10	13.40	3.80	percent	[+]
Employment Rate	60.10	61.40	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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	62.20	63.40	63.90	48.50	1982 - 2018	percent	Monthly	NSA

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Country	Last		Previous	Range
United Kingdom	79.00	Sep/18	78.8	79 : 74.1	%
France	72.30	Sep/18	72.2	72.3 : 69.5	%
Netherlands	71.00	Dec/18	70.9	71 : 67.4	%
Indonesia	69.20	Dec/18	69.02	69.21 : 57.14	%
Switzerland	68.40	Jun/18	68.4	68.8 : 66.8	%
Singapore	67.70	Dec/17	68	68.3 : 55.3	%
Australia	65.70	Nov/18	65.5	65.8 : 60.1	%
Italy	65.70	Nov/18	65.8	65.9 : 61.7	%
Canada	65.40	Dec/18	65.4	67.7 : 61.4	%
United States	63.10	Dec/18	62.9	67.3 : 58.1	%
Russia	62.90	Nov/18	62.8	70.3 : 62.5	%
South Korea	62.20	Dec/18	63.4	63.9 : 48.5	%
Japan	61.90	Nov/18	62	74 : 58.5	%
Brazil	61.80	Nov/18	61.8	61.9 : 60.9	%
Germany	60.90	Jun/18	61	61.7 : 56.9	%
Mexico	59.50	Sep/18	60	61.47 : 58.18	%
South Africa	59.50	Sep/18	59.1	60.8 : 53.6	%
Spain	58.73	Sep/18	58.8	60.55 : 48.88	%
Euro Area	57.20	Jun/18	57	57.3 : 55	%
Saudi Arabia	56.20	Jun/18	55.5	56.5 : 47.8	%
Turkey	53.60	Oct/18	53.4	53.6 : 43.9	%
India	52.50	Dec/13	50.9	52.9 : 50.9	%
Argentina	46.70	Sep/18	46.4	46.9 : 44.5	%