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.

South Korea Unemployment Rate
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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



Calendar GMT Actual Previous Consensus 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




unemployment rate by Country
Country Last
Spain 16.55 Dec/17
Brazil 12.60 Feb/18
Italy 10.90 Feb/18
Turkey 10.80 Jan/18
France 8.90 Dec/17
Euro Area 8.50 Feb/18
Canada 5.80 Mar/18
Australia 5.50 Mar/18
Indonesia 5.50 Sep/17
Russia 5.00 Mar/18
United Kingdom 4.20 Feb/18
United States 4.10 Mar/18
South Korea 4.00 Mar/18
China 3.90 Dec/17
Netherlands 3.90 Mar/18
India 3.52 Dec/17
Germany 3.50 Feb/18
Mexico 3.20 Feb/18
Switzerland 2.90 Mar/18
Japan 2.50 Feb/18


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