South Korea Unemployment Rate 1999-2015 | Data | Chart | Calendar

Unemployment Rate in South Korea decreased to 3.70 percent in July from 3.90 percent in June of 2015. Unemployment Rate in South Korea averaged 3.63 percent from 1999 until 2015, 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. Unemployment Rate in South Korea is reported by the Statistics Korea.

South Korea Unemployment Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.90 7.10 2.90 1999 - 2015 percent Monthly
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. Content for - South Korea Unemployment Rate - was last refreshed on Wednesday, September 2, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-10 12:00 AM May 3.9% 3.7% 3.7% 3.7%
2015-07-15 12:00 AM Jun 3.9% 3.9% 3.9%
2015-08-12 12:00 AM Jul 3.7% 3.9% 3.9%
2015-09-09 12:00 AM Aug 3.7% 3.7%
2015-10-14 12:00 AM Sep 3.7%
2015-11-11 11:00 PM Oct 3.6%


South Korea Jobless Rate Down to 3.7% in July


South Korea seasonally adjusted unemployment rate was recorded at 3.7 percent in July of 2015, down from 3.9 percent in the previous month and below market forecasts, as the number of employed persons increased despite job losses in agriculture sector.

On an unadjusted basis, the unemployment rate also rose to 3.7 percent from 3.9 percent in the preceding month. The number of unemployed persons decreased to 998 thousand in July as compared to 1,050 thousand in the preceding month.

The number of employed persons totaled 26,305 thousand in July, up from 26,205 thousand in the previous month. From June to July, employment in wholesale & retail trade, accommodation & food increased the most by 69 thousand, followed by mining & manufacture (+50 thousand);  manufacturing (+50 thousand); business, personal, public service & others (+12 thousand); electricity, transport, telecom & finance (+6 thousand) and construction (+4 thousand). In contrast, employment in agriculture declined by 39 thousand.

Year-on-year, employment rose 1.3 percent while unemployment went up 9.5 percent. The economically active population marked 27,303 in July, up 1.5 percent from a year earlier, while the inactive population rose to 15.751, up 0.7 percent. The labor force participation rate stood at 61.1 percent in July, remaining the same year-on-year.

Statistics Korea l Rida Husna l rida@tradingeconomics.com
8/12/2015 2:44:21 AM


Recent Releases

South Korea Jobless Rate Steady in June
South Korea seasonally adjusted unemployment rate was recorded at 3.9 percent in June of 2015, remaining unchanged from the previous month, as the number of employed persons increased despite small job losses in some parts of job categories.
Published on 2015-07-15

South Korea Jobless Rate Up to 3.9% in May
South Korea seasonally adjusted unemployment rate was recorded at 3.9 percent in May of 2015, up from 3.7 percent in the previous month and missing market forecasts, as unemployment grew faster than employment.
Published on 2015-06-10

South Korea Jobless Rate Steady in April
South Korea seasonally adjusted unemployment rate was recorded at 3.7 percent in April of 2015, remaining unchanged from the previous month, as the number of employed persons increased despite job losses in the wholesale & retail trade, accommodation & food sector.
Published on 2015-05-13

South Korea Jobless Rate Down in March
South Korea seasonally adjusted unemployment rate decreased to 3.7 percent in March of 2015 from 3.9 percent in the previous month, as the number of employed persons increased.
Published on 2015-04-15


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.90 7.10 2.90 percent [+]
Employed Persons 25889.00 25767.00 25986.00 20275.00 Thousand [+]
Unemployed Persons 999.00 1042.00 1564.00 684.00 Thousand [+]
Productivity 102.90 103.40 107.70 51.90 Index Points [+]
Labor Force Participation Rate 63.40 63.30 63.40 48.50 percent [+]
Wages 3356165.00 3252495.00 3356165.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3760722.00 3589912.00 3760722.00 2520139.00 KRW/Month [+]
Labour Costs 131.40 118.80 131.40 91.30 Index Points [+]
Population 50.42 50.22 50.42 25.00 Million [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 55.00 55.00 55.00 55.00 [+]
Minimum Wages 5580.00 5210.00 5580.00 600.00 KRW/Hour [+]
Youth Unemployment Rate 8.90 9.90 13.40 3.80 percent [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.30 Jul/15 6.00 10.90 4.00 percent [+]
Brazil 7.50 Jul/15 6.90 13.10 4.30 percent [+]
Canada 6.80 Jul/15 6.80 13.10 2.90 percent [+]
China 4.04 Jun/15 4.10 4.30 3.90 percent [+]
Euro Area 10.90 Jul/15 11.10 12.10 7.20 percent [+]
France 10.30 Mar/15 10.40 10.80 7.20 percent [+]
Germany 4.70 Jul/15 4.70 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.81 Mar/15 5.94 11.24 2.00 percent [+]
Italy 12.00 Jul/15 12.50 13.00 5.80 percent [+]
Japan 3.30 Jul/15 3.40 5.60 1.00 percent [+]
Mexico 4.72 Jul/15 4.41 5.93 2.22 percent [+]
Netherlands 6.80 Jul/15 6.90 7.90 3.60 percent [+]
Russia 5.30 Jul/15 5.40 14.10 4.80 percent [+]
South Korea 3.70 Jul/15 3.90 7.10 2.90 percent [+]
Spain 22.37 Jun/15 23.78 26.94 4.41 percent [+]
Switzerland 3.10 Jul/15 3.10 5.40 1.60 percent [+]
Turkey 9.30 May/15 9.60 14.80 7.30 percent [+]
United Kingdom 5.60 Jun/15 5.60 12.00 3.40 percent [+]
United States 5.30 Jul/15 5.30 10.80 2.50 percent [+]