South Korea’s seasonally adjusted unemployment rate edged down to 3.9 percent in October 2018 from 4.0 percent in the previous month, as the number of unemployed declined by 22 thousand to 1.100 million, while the number of employed increased by 25 thousand to 26.837 million. The seasonally-adjusted economic activity participation rate stood at 63.1 percent for the third month. The unemployment rate climbed when compared to the 3.6 percent rate of last year. 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 3 percent in September of 2002.

South Korea Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 11:00 PM Unemployment Rate 4.2% 3.8% 3.7%
2018-10-11 11:00 PM Unemployment Rate 4% 4.2% 3.8%
2018-11-13 11:00 PM Unemployment Rate 3.9% 4% 4.1%
2018-12-11 11:00 PM Unemployment Rate 3.9% 3.9%


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.20 7.10 3.00 percent [+]
Employed Persons 26837.00 26812.00 26922.00 20268.00 Thousand [+]
Unemployed Persons 1100.00 1122.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.40 63.50 63.90 48.50 percent [+]
Labour Costs 96.50 127.70 149.40 91.30 Index Points [+]
Productivity 109.20 105.60 109.70 53.50 Index Points [+]
Wages 3457189.00 3917383.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3692181.00 4562783.00 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 9.00 9.90 13.40 3.80 percent [+]
Employment Rate 61.20 61.20 61.60 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.90 4.20 7.10 3.00 1999 - 2018 percent Monthly
SA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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