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

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. The number of unemployed persons declined by 21 thousand from the previous month to 1.02 million while the number of employed rose by 46 thousand to 26.60 million. The participation rate edged up to 63.1 percent from 63.0 percent in August. 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 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.

The number of unemployed persons declined by 21 thousand from the previous month to 1.02 million while the number of employed rose by 46 thousand to 26.60 million.

The participation rate edged up to 63.1 percent from 63.0 percent in August.

A year ago, the jobless rate was 4.0 percent.

Statistics Korea l Rida Husna | rida@tradingeconomics.com
10/18/2017 7:30:19 AM


Recent Releases

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

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



Calendar GMT Actual Previous Consensus TEForecast
2017-08-08 11:00 PM Unemployment Rate 3.6% 3.8% 3.8% 3.5%
2017-09-12 11:00 PM Unemployment Rate 3.8% 3.6% 3.7% 3.7%
2017-10-17 11:00 PM Unemployment Rate 3.7% 3.8% 3.7% 3.9%
2017-11-14 11:00 PM Unemployment Rate 3.7% 3.7%
2017-12-12 11:00 PM Unemployment Rate 3.7%


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.80 7.10 2.90 percent [+]
Employed Persons 26599.00 26553.00 26622.00 20275.00 Thousand [+]
Unemployed Persons 1022.00 1043.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.40 63.30 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 3332086.00 3623535.00 3623535.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3589196.00 4051306.00 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 9.40 9.20 13.40 3.80 percent [+]
Employment Rate 61.30 61.10 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.80 7.10 2.90 1999 - 2017 percent Monthly
SA




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.60 Aug/17
Italy 11.20 Aug/17
Turkey 10.70 Jul/17
France 9.50 Jun/17
Euro Area 9.10 Aug/17
Canada 6.20 Sep/17
Australia 5.50 Sep/17
Indonesia 5.33 Mar/17
Russia 5.00 Sep/17
India 4.90 Dec/13
Netherlands 4.70 Sep/17
United Kingdom 4.30 Aug/17
United States 4.20 Sep/17
China 3.95 Jun/17
South Korea 3.70 Sep/17
Germany 3.60 Aug/17
Mexico 3.50 Aug/17
Switzerland 3.00 Sep/17
Japan 2.80 Aug/17