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

Unemployment Rate in South Korea remained unchanged at 3.50 percent in September of 2014 from 3.50 percent in August 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.

   
 
 

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 Friday, October 31, 2014.


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.

The number of unemployed people totaled 849 thousand in September, down from 890 thousand compared to a month earlier. The number of employed persons totaled 25910, up from 25,885 a month ago.

Year-on-year, the agriculture sector lost 128 thousand jobs and the financial and insurance sector reduced  37 thousand jobs. In contrast, the manufacturing sector added 173 thousand jobs, the health and social welfare service sector gained 153 thousand and the retail and wholesale increased 151 thousand jobs.

The unemployment rate for those aged 15-29 was 8.1 percent, down from 7.6 percent  a year earlier. 

Rida l rida@tradingeconomics.com
10/15/2014 4:37:06 AM


Recent Releases

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

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. Published on 2014-08-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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%
2014-09-12 12:00 AM South Korea
Unemployment Rate
Aug 2014 3.5% 3.4% 3.4% 3.5%
2014-10-15 12:00 AM South Korea
Unemployment Rate
Sep 2014 3.5% 3.5% 3.5% 3.5%
2014-11-11 11:00 PM South Korea
Unemployment Rate
Oct 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 25689.00 25743.00 25743.00 20275.00 Thousand [+]
Unemployed Persons 919.00 925.00 1564.00 684.00 Thousand [+]
Productivity 103.30 101.50 107.70 51.90 Index Points [+]
Labor Force Participation Rate 62.80 62.90 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 [+]