The seasonally adjusted unemployment rate in South Korea increased to 3 percent in September of 2021 from 2.8 percent in the previous month, which was the lowest on record. Unemployed persons rose by 55 thousand to 849 thousand. There were 671,000 jobs to added last month, compared to 518,000 a month earlier. It marked the largest job additions since March 2014, signaling the labor market recovery continued despite the fourth wave of the pandemic. source: Statistics Korea
Unemployment Rate in South Korea averaged 3.67 percent from 1999 until 2021, reaching an all time high of 7.10 percent in June of 1999 and a record low of 2.80 percent in August of 2021. This page provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Unemployment Rate in South Korea is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Unemployment Rate is projected to trend around 3.80 percent in 2022, according to our econometric models.