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

South Korea’s seasonally adjusted unemployment rate climbed to 4 percent in March of 2018 from 3.6 percent in February. The number of unemployed persons increased by 119 thousand to 1,116 thousand. The number of employed climbed by 94 thousand 26,862 thousand persons. 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.

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South Korea Jobless Rate Edges Up to 3.7% in November

South Korea’s seasonally adjusted unemployment rate increased slightly to 3.7 percent in November of 2017 from 3.6 percent in the previous month.

Compared to the preceding month, the number of unemployed persons went up by 14 thousand to 1.01 million while the number of employed increased by 36 thousand to 26.63 million.

The participation rate stood at 63.0 percent, the same as in October.

A year ago, the jobless rate came in at 3.6 percent.

Statistics Korea l Rida Husna | rida@tradingeconomics.com
12/13/2017 10:43:22 AM

Recent Releases

South Korea Jobless Rate Falls to 3-Month Low of 3.6%
South Korea’s seasonally adjusted unemployment rate fell slightly to 3.6 percent in October of 2017 from 3.7 percent in the previous month and in line with market expectations. It was the lowest jobless rate since July.
Published on 2017-11-15

South Korea Jobless Rate Edges Down in September
South Korea’s seasonally adjusted unemployment rate decreased to 3.7 percent in September of 2017 from 3.8 percent in the previous month, in line with market expectations.
Published on 2017-10-18

South Korea Jobless Rate Rises to 3.8% in August
South Korea’s seasonally adjusted unemployment rate increased to 3.8 percent in August of 2017 from 3.6 percent in the previous month, outpacing consensus expectations of 3.7 percent.
Published on 2017-09-13

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.
Published on 2017-08-09

Calendar	GMT		Actual	Previous	TEForecast
2018-02-13	11:00 PM	Unemployment Rate	3.6%	3.7%	3.6%
2018-03-13	11:00 PM	Unemployment Rate	3.6%	3.6%	3.6%
2018-04-10	11:00 PM	Unemployment Rate	4%	3.6%	3.7%
2018-05-15	11:00 PM	Unemployment Rate		4%	4.1%
2018-06-14	11:00 PM	Unemployment Rate			3.7%
2018-07-10	11:00 PM	Unemployment Rate			3.9%

South Korea Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	4.00	3.60	7.10	2.90	percent	[+]
Employed Persons	26862.00	26768.00	26922.00	20275.00	Thousand	[+]
Unemployed Persons	1116.00	997.00	1564.00	684.00	Thousand	[+]
Labor Force Participation Rate	63.10	62.00	63.80	48.50	percent	[+]
Labour Costs	145.80	129.60	149.40	91.30	Index Points	[+]
Productivity	93.20	98.50	104.20	53.50	Index Points	[+]
Wages	3541984.00	3575612.00	3623535.00	2460239.00	KRW/Month	[+]
Wages in Manufacturing	3877934.00	3874983.00	4051306.00	2520139.00	KRW/Month	[+]
Minimum Wages	7530.00	6470.00	7530.00	600.00	KRW/Hour	[+]
Population	50.80	50.60	50.80	25.00	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	11.60	9.60	13.40	3.80	percent	[+]
Employment Rate	60.20	61.20	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 April of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.00	3.60	7.10	2.90	1999 - 2018	percent	Monthly	SA

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unemployment rate by Country

Country	Last		Previous	Highest	Lowest
Spain	16.55	Dec/17	16.39	26.94	4.41	%	Quarterly
Brazil	12.60	Feb/18	12.2	13.7	6.2	%	Monthly
Italy	10.90	Feb/18	11.1	13	5.8	%	Monthly
Turkey	10.80	Jan/18	10.4	14.8	7.3	%	Monthly
France	8.90	Dec/17	9.6	10.7	7.2	%	Quarterly
Euro Area	8.50	Feb/18	8.6	12.1	7.3	%	Monthly
Canada	5.80	Mar/18	5.8	13.1	2.9	%	Monthly
Australia	5.50	Mar/18	5.5	11.2	4	%	Monthly
Indonesia	5.50	Sep/17	5.33	11.24	2	%	Quarterly
Russia	5.00	Mar/18	5	14.1	4.8	%	Monthly
United Kingdom	4.20	Feb/18	4.3	12	3.4	%	Monthly
United States	4.10	Mar/18	4.1	10.8	2.5	%	Monthly
South Korea	4.00	Mar/18	3.6	7.1	2.9	%	Monthly
China	3.90	Dec/17	3.95	4.3	3.9	%	Quarterly
Netherlands	3.90	Mar/18	4.1	7.9	3.6	%	Monthly
India	3.52	Dec/17	3.51	8.3	3.41	%	Yearly
Germany	3.50	Feb/18	3.5	11.5	0.4	%	Monthly
Mexico	3.20	Feb/18	3.4	6.42	2.22	%	Monthly
Switzerland	2.90	Mar/18	3.2	5.7	1.5	%	Monthly
Japan	2.50	Feb/18	2.4	5.5	1	%	Monthly