South Korea Labor Force Participation Rate

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

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Country	Last		Previous	Range
United Kingdom	79.20	Jun/19	79.3	79.3 : 74.1	%
France	72.00	Jun/19	72.2	72.3 : 69.5	%
Netherlands	71.20	Aug/19	71.2	71.2 : 67.4	%
Indonesia	69.20	Dec/18	69.02	69.21 : 57.14	%
Switzerland	68.30	Mar/19	68.7	68.8 : 66.8	%
Russia	67.70	Mar/19	67.9	70.3 : 64.2	%
Singapore	67.70	Dec/18	67.7	68.3 : 55.3	%
Australia	66.20	Aug/19	66.1	66.2 : 60.1	%
Canada	65.80	Aug/19	65.6	67.7 : 61.4	%
Italy	65.80	Jul/19	65.7	65.9 : 61.6	%
South Korea	63.30	Aug/19	64	64.2 : 48.5	%
United States	63.20	Aug/19	63	67.3 : 58.1	%
Brazil	62.10	Jul/19	62.1	62.1 : 60.8	%
Japan	62.10	Jul/19	62.3	74 : 58.5	%
Germany	61.50	Mar/19	61.8	61.8 : 56.9	%
Mexico	60.50	Jun/19	60.2	61.47 : 58.18	%
South Africa	59.80	Jun/19	58.8	60.8 : 53.6	%
Spain	58.74	Jun/19	58.35	60.55 : 48.88	%
Saudi Arabia	57.90	Jun/19	56.4	57.9 : 47.8	%
Euro Area	57.10	Mar/19	57.4	57.4 : 55	%
Turkey	52.90	Jun/19	52.8	53.5 : 43.9	%
India	49.80	Dec/18	50.4	63.7 : 49.8	%
Argentina	47.70	Jun/19	47	47.7 : 44.5	%