Youth Unemployment Rate in South Korea decreased to 7.10 percent in August from 9.70 percent in July of 2019. Youth Unemployment Rate in South Korea averaged 7.19 percent from 1982 until 2019, reaching an all time high of 13.40 percent in February of 1999 and a record low of 3.80 percent in July of 1995.
Youth Unemployment Rate in South Korea is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in South Korea to stand at 10.30 in 12 months time. In the long-term, the South Korea Youth Unemployment Rate is projected to trend around 8.40 percent in 2020, according to our econometric models.