South Korea Unemployment Rate  1999-2016 | Data | Chart | Calendar

South Korea seasonally adjusted unemployment rate fell to 3.8 percent in March of 2016 from 4.1 percent in February and beating market expectations of 4.0 percent. A year earlier, the jobless rate stood at 3.7 percent. On an unadjusted basis, unemployment rate dropped to 4.3 percent, compared to 4.9 percent in the preceding month. Youth unemployment rate was recorded at 11.8 percent in March, down from a record high of 12.5 percent in a month earlier. Unemployment Rate in South Korea averaged 3.63 percent from 1999 until 2016, 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
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Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.10 7.10 2.90 1999 - 2016 percent Monthly
SA
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-16 11:00 PM Jan 3.5% 3.5% 3.4%
2016-03-15 11:00 PM Feb 4.1% 3.5% 3.8% 3.5%
2016-04-14 11:00 PM Mar 3.8% 4.1% 4.0% 4.0%
2016-05-10 11:00 PM Apr 3.8% 3.9%
2016-06-14 11:00 PM May 3.9%
2016-07-12 11:00 PM Jun 3.8%

South Korea Jobless Rate Down to 3.8% in March


South Korea seasonally adjusted unemployment rate fell to 3.8 percent in March of 2016 from 4.1 percent in February and beating market expectations of 4.0 percent.

A year earlier, the jobless rate stood at 3.7 percent.

On an unadjusted basis, unemployment rate dropped to 4.3 percent, compared to 4.9 percent in the preceding month.

Youth unemployment rate was recorded at 11.8 percent in March, down from a record high of 12.5 percent in a month earlier.

Statistics Korea l Rida Husna | rida@tradingeconomics.com
4/15/2016 1:32:53 AM

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 4.10 7.10 2.90 percent [+]
Employed Persons 26142.00 26173.00 26293.00 20275.00 Thousand [+]
Unemployed Persons 1042.00 1105.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 62.20 61.80 63.40 48.50 percent [+]
Labour Costs 132.70 118.20 132.70 91.30 Index Points [+]
Productivity 95.50 96.80 107.70 51.90 Index Points [+]
Wages 3364661.00 3350168.00 3364661.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3725608.00 3637932.00 3760722.00 2520139.00 KRW/Month [+]
Minimum Wages 6030.00 5580.00 6030.00 600.00 KRW/Hour [+]
Population 50.60 50.42 50.60 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 [+]
Youth Unemployment Rate 11.60 12.50 13.40 3.80 percent [+]
Employment Rate 95.70 95.10 97.30 91.20 percent [+]




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