South Korea Unemployment Rate 1999-2014 | Data | Chart | Calendar

Unemployment Rate in South Korea remained unchanged at 3.50 percent in October of 2014 from 3.50 percent in September of 2014. Unemployment Rate in South Korea averaged 3.63 Percent from 1999 until 2014, 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.

   
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South Korea Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 7.10 2.90 1999 - 2014 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 Saturday, November 29, 2014.


South Korea Unemployment Rate Unchanged at 3.5% in October


South Korean seasonally adjusted unemployment rate was stable at 3.5 percent in October of 2014 while the number of employed increased slightly compared to the previous month.

The number of non-seasonally adjusted unemployed people totaled 858 thousand in October, from 849 thousand in September. The number of non-seasonally adjusted employed persons totaled 25951 thousand, higher than September’s 25917 thousand employed persons.

Compared to October of 2013, the agriculture sector lost 146 thousand jobs while the manufacturing sector added 142 thousand jobs. The number of temporary employees increased to 5108 thousand from 4961 thousand persons a year earlier.

The economically active population marked 26809 thousand in October, growing by 541 thousand persons or 2.1 percent year-on-year. Those who are inactive were 15837 thousand, decreasing by 113 thousand persons or 0.7 percent compared to the previous year.The participation rate increased to 62.9 percent from 62.2 in the previous year.

Statistics Korea l Ricardo Martins l ricardo.martins@tradingeconomics.com
11/13/2014 8:33:08 PM


Recent Releases

South Korea Jobless Rate Stable at 3.5% in September
In September of 2014, South Korean seasonally adjusted unemployment rate was recorded at 3.5 percent, unchanged from the previous month, but higher than 3.0 percent a year earlier. Published on 2014-10-15

South Korea Jobless Rate Inches Up in August
In August of 2014, South Korean seasonally adjusted unemployment rate inched up to 3.5 percent from 3.4 percent a year earlier, due to job losses in agriculture, electricity, transport, telecom and finance. Published on 2014-09-12


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-12 12:00 AM
Unemployment Rate  Aug 2014
3.5% 3.4% 3.4% 3.5%
2014-10-15 12:00 AM
Unemployment Rate  Sep 2014
3.5% 3.5% 3.5% 3.5%
2014-11-11 11:00 PM
Unemployment Rate  Oct 2014
3.5% 3.5% 3.5% 3.5%
2014-12-09 11:00 PM
Unemployment Rate  Nov 2014
3.5% 3.5%


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 7.10 2.90 percent [+]
Employed Persons 25652.00 25689.00 25743.00 20275.00 Thousand [+]
Unemployed Persons 935.00 919.00 1564.00 684.00 Thousand [+]
Productivity 103.30 101.50 107.70 51.90 Index Points [+]
Labor Force Participation Rate 62.90 62.80 63.40 48.50 percent [+]
Wages 3025785.00 3256321.00 3256321.00 2460239.00 KRW [+]
Wages in Manufacturing 3230555.00 3682593.00 3682593.00 2520139.00 KRW [+]
Labour Costs 108.70 128.30 128.30 86.30 Index Points [+]
Population 50.22 50.00 50.22 25.00 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.20 Oct/14 6.20 10.90 4.00 percent [+]
Brazil 4.70 Oct/14 4.90 13.10 4.30 percent [+]
Canada 6.50 Oct/14 6.80 13.10 2.90 percent [+]
China 4.10 Aug/14 4.10 4.30 3.90 percent [+]
Euro Area 11.50 Oct/14 11.50 12.00 7.20 percent [+]
France 10.20 May/14 10.10 10.80 7.20 percent [+]
Germany 4.90 Oct/14 5.00 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 13.20 Oct/14 12.90 13.20 5.90 percent [+]
Japan 3.50 Oct/14 3.60 5.60 1.00 percent [+]
Mexico 4.78 Oct/14 5.08 5.93 2.22 percent [+]
Netherlands 8.00 Oct/14 8.00 8.80 3.40 percent [+]
Russia 5.10 Oct/14 4.90 14.10 4.80 percent [+]
South Korea 3.50 Oct/14 3.50 7.10 2.90 percent [+]
Spain 23.67 Aug/14 24.47 26.94 4.41 percent [+]
Switzerland 3.10 Oct/14 3.00 5.40 1.60 percent [+]
Turkey 10.10 Aug/14 9.80 16.10 8.00 percent [+]
United Kingdom 6.00 Sep/14 6.00 12.00 3.40 percent [+]
United States 5.80 Oct/14 5.90 10.80 2.50 percent [+]