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

South Korea seasonally adjusted unemployment rate rose to 3.8 percent in August of 2016 from 3.6 percent in the previous two months. It is the highest jobless reading since March. 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 3.60 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-12 11:00 PM Jun 3.6% 3.7% 3.7% 3.8%
2016-08-09 11:00 PM Jul 3.6% 3.6% 3.6% 3.6%
2016-09-12 11:00 PM Aug 3.8% 3.6% 3.5%
2016-10-11 11:00 PM Sep 3.8% 3.7%
2016-11-08 11:00 PM Oct 3.7%
2016-12-13 11:00 PM Nov 3.7%

South Korea Unemployment Rate at 5-Month High of 3.8%


South Korea seasonally adjusted jobless rate rose to 3.8 percent in August of 2016 from 3.6 percent in the previous two months. It is the highest jobless reading since March.

The number of unemployed persons increased by 75 thousand to 1050 thousand and 26360 thousand people were employed, 243 thousand less than in July. The labour force participation rate fell to 63.3 percent from 63.5 percent.
 
A year earlier, the jobless rate was lower at 3.6 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
9/12/2016 11:25:07 PM

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.60 7.10 2.90 percent [+]
Employed Persons 26360.00 26603.00 26603.00 20275.00 Thousand [+]
Unemployed Persons 1050.00 975.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.30 63.50 63.50 48.50 percent [+]
Labour Costs 148.10 129.40 148.10 91.30 Index Points [+]
Productivity 97.60 98.00 104.20 53.50 Index Points [+]
Wages 3220531.00 3534203.00 3534203.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3435462.00 3988066.00 3988066.00 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 9.40 9.20 13.40 3.80 percent [+]
Employment Rate 96.40 96.20 97.30 91.20 percent [+]




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