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

South Korea’s unemployment rate increased to 4.0 percent in April from 3.7 percent in March of 2017. The number of unemployed persons went up by 75 thousand to 1,098 thousand and employment went down by 111 thousand to 26,511 thousand people. A year ago, the jobless rate was 3.7 percent. 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-14 11:00 PM Feb 4% 3.6% 3.7% 3.9%
2017-04-11 11:00 PM Mar 3.7% 4% 3.9%
2017-05-10 11:00 PM Apr 4% 3.7% 3.6%
2017-06-13 11:00 PM May 4.0% 3.6%
2017-07-11 11:00 PM Jun 3.6%
2017-08-08 11:00 PM Jul 3.5%




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.

The number of unemployed persons went up by 75 thousand to 1,098 thousand and employment went down by 111 thousand to 26,511 thousand people.

A year ago, the jobless rate was 3.7 percent.

On an unadjusted basis, the unemployment rate stood at 4.2 percent. The labor force participation rate rose to 63.5 percent from 62.8 percent. 

Statistics Korea | Rida Husna | rida@tradingeconomics.com
5/11/2017 10:48:55 AM



South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 3.70 7.10 2.90 percent [+]
Employed Persons 26511.00 26622.00 26622.00 20275.00 Thousand [+]
Unemployed Persons 1098.00 1023.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.50 62.80 63.50 48.50 percent [+]
Labour Costs 134.10 138.10 149.40 91.30 Index Points [+]
Productivity 98.10 96.60 104.20 53.50 Index Points [+]
Wages 3480465.00 3465763.00 3534203.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3870051.00 3727377.00 3988066.00 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 11.30 11.30 13.40 3.80 percent [+]
Employment Rate 60.20 59.10 61.20 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.70 7.10 2.90 1999 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.70 Mar/17
Turkey 12.60 Feb/17
Italy 11.70 Mar/17
France 9.60 Mar/17
Euro Area 9.50 Mar/17
Canada 6.50 Apr/17
Australia 5.70 Apr/17
Indonesia 5.33 Mar/17
Russia 5.30 Apr/17
Netherlands 5.10 Apr/17
India 4.90 Dec/13
United Kingdom 4.60 Mar/17
United States 4.40 Apr/17
South Korea 4.00 Apr/17
China 3.97 Mar/17
Germany 3.90 Mar/17
Mexico 3.50 Apr/17
Switzerland 3.30 Apr/17
Japan 2.80 Mar/17