South Korea Unemployment Rate  1999-2018 | Data | Chart | Calendar

South Korea’s seasonally adjusted unemployment rate declined to 3.7 percent in June 2018 from 4.0 percent in the previous month. It was the lowest unemployment rate in four months. The number of unemployed persons decreased by 96,000 to 1,018 thousand, while employment rose by 47,000 to 26,798 thousand. The activity rate edged down to 63.0 percent in June from 63.1 percent in May. Unemployment Rate in South Korea averaged 3.64 percent from 1999 until 2018, reaching an all time high of 7.10 percent in June of 1999 and a record low of 2.90 percent in November of 2013.

South Korea Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-15 11:00 PM Unemployment Rate 3.8% 4% 4.1%
2018-06-14 11:00 PM Unemployment Rate 4% 3.8% 3.7%
2018-07-10 11:00 PM Unemployment Rate 3.7% 4% 3.9%
2018-08-16 11:00 PM Unemployment Rate 3.7% 3.8%
2018-09-11 11:00 PM Unemployment Rate 3.7%
2018-10-11 11:00 PM Unemployment Rate 3.8%


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 4.00 7.10 2.90 percent [+]
Employed Persons 26798.00 26751.00 26922.00 20275.00 Thousand [+]
Unemployed Persons 1018.00 1114.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.80 63.90 63.90 48.50 percent [+]
Labour Costs 145.80 129.60 149.40 91.30 Index Points [+]
Productivity 109.70 104.00 109.70 53.50 Index Points [+]
Wages 3917383.00 3541984.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4562783.00 3877934.00 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 9.10 10.60 13.40 3.80 percent [+]
Employment Rate 61.40 61.30 61.50 56.10 percent [+]


South Korea Unemployment Rate

In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 4.00 7.10 2.90 1999 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 12.70 May/18
Italy 10.70 May/18
Turkey 9.60 Apr/18
France 9.20 Mar/18
Euro Area 8.40 May/18
Canada 6.00 Jun/18
Australia 5.40 Jun/18
Indonesia 5.13 Mar/18
Russia 4.70 Jun/18
United Kingdom 4.20 May/18
United States 4.00 Jun/18
Netherlands 3.90 Jun/18
China 3.89 Mar/18
South Korea 3.70 Jun/18
India 3.52 Dec/17
Germany 3.40 May/18
Mexico 3.20 May/18
Switzerland 2.40 Jun/18
Japan 2.20 May/18


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