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

Unemployment Rate in South Korea decreased to 3.40 percent in July of 2014 from 3.60 percent in June 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
3.40 3.60 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 Tuesday, September 2, 2014.


South Korea Jobless Rate Down in July


In July of 2014, South Korean seasonally adjusted unemployment rate went down to 3.4 percent from 3.6 percent in the previous month as the number of employed persons increased.

The number of unemployed persons totaled 912 thousand people in July, which increased 84 thousand persons or 10.1 percent year-on-year.

The number of employed persons totaled 25,979 thousand persons in July, up by 505 thousand persons over a year earlier.

The agriculture sector lost 111 jobs from 1,675 in June of 2014 to 1,604 in July this year. On July last year, the sector had 1,715 jobs.

Temporary employees in July added to 5,219 jobs from 5,058 in the previous month. Compared to July of 2013, there were 4,984 persons in the position.

The economically active population marked 26,891 in July of 2014, growing 589 thousand persons or 2.2 percent year-on-year. Those who are inactive were 15,637 thousand people in the month, decreasing 206 thousand persons or 1.3 percent compared to the previous year.

Statistics Korea l Rida l rida@tradingeconomics.com
8/13/2014 10:20:17 AM


Recent Releases

South Korea Jobless Rate Inches Down in June
In June of 2014, South Korean seasonally adjusted unemployment rate decreased to 3.6 percent from 3.7 percent in the previous month. A year earlier, the jobless rate was recorded at 3.1 percent. Published on 2014-07-16

South Korea Unemployment Rate Stable at 3.7%
In May of 2014, South Korean seasonally adjusted jobless rate was recorded at 3.7 percent, unchanged from the previous month, but higher than 3.2 percent a year earlier. Published on 2014-06-11


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-14 12:00 AM South Korea
Unemployment Rate
Apr 2014 3.7% 3.5% 3.4%
2014-06-11 12:00 AM South Korea
Unemployment Rate
May 2014 3.7% 3.7% 3.6% 3.6%
2014-07-16 12:00 AM South Korea
Unemployment Rate
Jun 2014 3.6% 3.7% 3.7% 3.7%
2014-08-13 12:00 AM South Korea
Unemployment Rate
Jul 2014 3.4% 3.6% 3.7%
2014-09-11 12:00 AM South Korea
Unemployment Rate
Aug 2014 3.4% 3.5%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.60 7.10 2.90 Percent [+]
Employed Persons 25574.00 25422.00 25644.00 20275.00 Thousand [+]
Unemployed Persons 909.00 944.00 1564.00 684.00 Thousand [+]
Productivity 103.40 106.10 107.70 51.90 Index Points [+]
Labor Force Participation Rate 63.20 63.10 63.40 48.50 Percent [+]
Wages 3256321.00 3126967.00 3256321.00 2460239.00 KRW [+]
Wages in Manufacturing 3682593.00 3418613.00 3682593.00 2520139.00 KRW [+]
Labour Costs 125.80 109.80 125.80 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 6.40 Jul/14 6.00 10.90 4.00 Percent [+]
Brazil 4.90 Apr/14 5.00 13.10 4.30 Percent [+]
Canada 7.00 Jul/14 7.10 13.10 2.90 Percent [+]
China 4.10 Jun/14 4.10 4.30 3.90 Percent [+]
Euro Area 11.50 Jul/14 11.50 12.00 7.20 Percent [+]
France 10.10 Feb/14 10.10 10.80 7.20 Percent [+]
Germany 4.90 Jul/14 5.00 14.20 0.40 Percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 Percent [+]
Indonesia 5.70 Feb/14 6.17 11.24 2.00 Percent [+]
Italy 12.60 Jul/14 12.30 12.80 5.90 Percent [+]
Japan 3.80 Jul/14 3.70 5.60 1.00 Percent [+]
Mexico 5.47 Jul/14 4.80 5.93 2.22 Percent [+]
Netherlands 8.20 Jul/14 8.40 8.80 3.40 Percent [+]
Russia 4.90 Jul/14 4.90 14.10 4.90 Percent [+]
South Korea 3.40 Jul/14 3.60 7.10 2.90 Percent [+]
Spain 24.47 May/14 25.93 26.94 4.41 Percent [+]
Switzerland 2.90 Jul/14 2.90 5.40 1.60 Percent [+]
Turkey 8.80 May/14 9.00 16.10 8.00 Percent [+]
United Kingdom 6.40 Jun/14 6.50 12.00 3.40 Percent [+]
United States 6.20 Jul/14 6.10 10.80 2.50 Percent [+]





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