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

Unemployment Rate in South Korea increased to 3.90 percent in May of 2015 from 3.70 percent in April 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.

      Forecast
South Korea Unemployment Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.70 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 Tuesday, July 7, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-15 12:00 AM Mar 3.7% 3.9% 3.7% 3.6%
2015-05-13 12:00 AM Apr 3.7% 3.7% 3.7% 3.6%
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%
2015-08-12 12:00 AM Jul 3.9%
2015-09-09 12:00 AM Aug 3.9%


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.

Year-on-year, employment rose 1.5 percent in May while unemployment went up 7.5 percent. A year earlier, the jobless rate reached 3.7 percent.

On an unadjusted basis, the unemployment rate decreased to 3.8 percent in May from 3.6 percent a year earlier. The number of unemployed persons totaled 1,022 thousand, up 7.4 percent year-on-year. Employment rose 1.5 percent to 26,189 thousand and the labor force participation rate stood at 63.3 percent, up 0.3 percent. The economically inactive population totaled 15,764 thousand people in May, increasing 73 thousand persons or 0.5 percent year-on-year.

Statistics Korea l Rida Husna l rida@tradingeconomics.com
6/10/2015 12:39:26 PM


Recent Releases

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 Jobless Rate Highest in 12 Months
South Korea seasonally adjusted unemployment rate unexpectedly increased to 3.9 percent in February of 2015 from 3.4 percent in the previous month. It is the highest rate since February 2014 as unemployment grew faster than employment.
Published on 2015-03-18

South Korea Jobless Rate Edges Down in January
South Korea seasonally adjusted unemployment rate decreased to 3.4 percent in January of 2015, from 3.5 percent in the previous month as more people were detached from the labour market.
Published on 2015-02-11


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.70 7.10 2.90 percent [+]
Employed Persons 25746.00 25768.00 25986.00 20275.00 Thousand [+]
Unemployed Persons 1042.00 1002.00 1564.00 684.00 Thousand [+]
Productivity 103.40 101.90 107.70 51.90 Index Points [+]
Labor Force Participation Rate 63.30 62.80 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 118.80 122.00 128.30 86.30 Index Points [+]
Population 50.22 50.00 50.22 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 9.40 10.30 13.40 3.80 percent [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.00 May/15 6.10 10.90 4.00 percent [+]
Brazil 6.70 May/15 6.40 13.10 4.30 percent [+]
Canada 6.80 May/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/15 4.10 4.30 3.90 percent [+]
Euro Area 11.10 May/15 11.10 12.10 7.20 percent [+]
France 10.30 Mar/15 10.40 10.80 7.20 percent [+]
Germany 4.70 May/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 12.40 May/15 12.40 13.20 5.90 percent [+]
Japan 3.30 May/15 3.30 5.60 1.00 percent [+]
Mexico 4.45 May/15 4.31 5.93 2.22 percent [+]
Netherlands 6.90 May/15 7.00 7.90 3.60 percent [+]
Russia 5.60 May/15 5.80 14.10 4.80 percent [+]
South Korea 3.90 May/15 3.70 7.10 2.90 percent [+]
Spain 23.78 Mar/15 23.70 26.94 4.41 percent [+]
Switzerland 3.10 Jun/15 3.20 5.40 1.60 percent [+]
Turkey 10.60 Mar/15 11.20 14.80 7.30 percent [+]
United Kingdom 5.50 Apr/15 5.50 12.00 3.40 percent [+]
United States 5.30 Jun/15 5.50 10.80 2.50 percent [+]