South Korea Unemployment Rate  1999-2017 | Data | Chart | Calendar

South Korea’s seasonally adjusted unemployment rate declined to 3.6 percent in July 2017 from 3.8 percent in the previous month. The number of unemployed persons decreased by 76 thousand from the previous month to 978 thousand and the number of employed rose by 33 thousand to 26.51 million people. The participation rate edged down to 62.8 percent (vs 62.9 percent in June). Unemployment Rate in South Korea averaged 3.64 percent from 1999 until 2017, 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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South Korea Jobless Rate Falls To 3.6% in July


South Korea’s seasonally adjusted unemployment rate declined to 3.6 percent in July of 2017 from 3.8 percent in the preceding month.

Compared to the prior month, the number of unemployed persons went down by 76 thousand to 978 thousand and employment increased by 33 thousand to 26.51 million people.

The participation rate edged down to 62.8 percent from 62.9 percent in June.

A year ago, the jobless rate was 3.6 percent.

On an unadjusted basis, the unemployment rate also fell to 3.5 percent from 3.8 percent in June.

Statistics Korea l Rida Husna | rida@tradingeconomics.com
8/9/2017 4:07:13 PM


Recent Releases

South Korea Jobless Rate Rises To 3.8% In June
South Korea’s seasonally adjusted unemployment rate rose to 3.8 percent in June of 2017 from a fourth month low of 3.6 percent in May.
Published on 2017-07-12

South Korea Jobless Rate Falls To 4-Month Low Of 3.6% In May
South Korea’s seasonally adjusted unemployment rate declined to 3.6 percent in May of 2017 from 4.0 percent in April and reaching the lowest figure since January.
Published on 2017-06-14

South Korea Jobless Rate Up To 4.0% In April
South Korea’s seasonally adjusted unemployment rate increased to 4.0 percent in April of 2017 from 3.7 percent in March.
Published on 2017-05-11

South Korea Jobless Rate Falls To 3.7% In March
South Korea’s seasonally adjusted unemployment rate decreased to 3.7 percent in March of 2017 from 4.0 percent in February.
Published on 2017-04-12



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-13 11:00 PM May 3.6% 4.0% 4.0% 3.9%
2017-07-11 11:00 PM Jun 3.8% 3.6% 3.6%
2017-08-08 11:00 PM Jul 3.6% 3.8% 3.8% 3.5%
2017-09-12 11:00 PM Aug 3.6% 3.7%
2017-10-17 11:00 PM Sep 3.9%
2017-11-14 11:00 PM Oct 3.7%


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.80 7.10 2.90 percent [+]
Employed Persons 26511.00 26478.00 26622.00 20275.00 Thousand [+]
Unemployed Persons 978.00 1054.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.70 63.80 63.80 48.50 percent [+]
Labour Costs 148.10 134.10 149.40 91.30 Index Points [+]
Productivity 97.60 98.10 104.20 53.50 Index Points [+]
Wages 3623535.00 3480465.00 3623535.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4051306.00 3870051.00 4051306.00 2520139.00 KRW/Month [+]
Minimum Wages 6470.00 6030.00 6470.00 600.00 KRW/Hour [+]
Population 50.80 50.60 50.80 25.00 Million [+]
Retirement Age Women 60.00 55.00 60.00 55.00 [+]
Retirement Age Men 60.00 55.00 60.00 55.00 [+]
Youth Unemployment Rate 9.20 10.60 13.40 3.80 percent [+]
Employment Rate 61.50 61.40 61.50 56.10 percent [+]


South Korea Unemployment Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.80 7.10 2.90 1999 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 13.00 Jun/17
Italy 11.10 Jun/17
Turkey 10.20 May/17
France 9.50 Jun/17
Euro Area 9.10 Jun/17
Canada 6.30 Jul/17
Australia 5.60 Jul/17
Indonesia 5.33 Mar/17
Russia 5.10 Jul/17
India 4.90 Dec/13
Netherlands 4.80 Jul/17
United Kingdom 4.40 Jun/17
United States 4.30 Jul/17
China 3.95 Jun/17
Germany 3.80 Jun/17
South Korea 3.60 Jul/17
Mexico 3.30 Jun/17
Switzerland 3.00 Jul/17
Japan 2.80 Jun/17