South Korea unemployment rate increases to 2.9 percent in December


The number of unemployed persons totaled 737 thousand people in December, which decreased 18 thousand persons or 2.3 percent year-on-year. The unemployment rate marked 2.9 percent in December, down 0.1% year-on-year.

The economically active population marked 25,139 thousand in December, which grew 259 thousand persons or 1.0 percent year-on-year.

The labor force participation rate stood at 60.1 percent in December, down 0.2%p year-on-year.
 
The number of employed persons totaled 24,402 thousand persons in December, which went up 277 thousand persons or 1.1 percent year-on-year.
 
The employment-population ratio recorded 58.3 percent in December, down 0.2%p year-on-year.
 
The economically inactive population totaled 16,709 thousand people in December, increasing 315 thousand persons or 1.9 percent year-on-year.

Korea National Statistical Office | Nuno Salva | nuno.salva@tradingeconomics.com
1/21/2013 10:02:30 AM