South Korea Unemployment Rate  1999-2017 | Data | Chart | Calendar

South Korea's seasonally adjusted unemployment rate increased to 3.6 percent in January 2017, from an upwardly revised 3.5 percent in December. The figure came above market expectations of 3.4 percent. Unemployment Rate in South Korea averaged 3.63 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-13 11:00 PM Nov 3.6% 3.7% 3.8%
2017-01-10 11:00 PM Dec 3.4% 3.6% 3.6%
2017-02-14 11:00 PM Jan 3.6% 3.5% 3.4% 3.5%
2017-03-14 11:00 PM Feb 3.6% 4%
2017-04-11 11:00 PM Mar 3.9%
2017-05-09 11:00 PM Apr 3.8%




South Korea Jobless Rate Up To 3.6% In January


South Korea's seasonally adjusted unemployment rate increased to 3.6 percent in January 2017, from an upwardly revised 3.5 percent in December. The figure came above market expectations of 3.4 percent.

The number of unemployed persons rose by 40 thousand from the previous month to 982 thousand while employment declined by 148 thousand to 26,402 thousand people. 
 
A year earlier, the jobless rate was lower at 3.5 percent.

On an unadjusted basis, the unemployment rate was 3.7 percent.




Statistics Korea l Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/15/2017 10:06:04 AM



South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.50 7.10 2.90 percent [+]
Employed Persons 26402.00 26550.00 26603.00 20275.00 Thousand [+]
Unemployed Persons 982.00 942.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 61.20 62.10 63.50 48.50 percent [+]
Labour Costs 138.70 123.30 149.70 91.30 Index Points [+]
Productivity 96.30 96.40 104.20 53.50 Index Points [+]
Wages 3465763.00 3220531.00 3534203.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3727377.00 3435462.00 3988066.00 2520139.00 KRW/Month [+]
Minimum Wages 6470.00 6030.00 6470.00 600.00 KRW/Hour [+]
Population 50.80 50.60 50.80 25.00 Million [+]
Retirement Age Women 60.00 55.00 60.00 55.00 [+]
Retirement Age Men 60.00 55.00 60.00 55.00 [+]
Youth Unemployment Rate 8.50 8.40 13.40 3.80 percent [+]
Employment Rate 96.20 96.80 97.30 91.20 percent [+]



South Korea Unemployment Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.50 7.10 2.90 1999 - 2017 percent Monthly
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Israel 4.30 Jan/17
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United Arab Emirates 4.20 Dec/12
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China 4.02 Dec/16
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Germany 3.90 Dec/16
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