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

Unemployment Rate in South Korea remained unchanged at 3.90 percent in June from 3.90 percent in May 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
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Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.90 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 Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
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% 3.9%
2015-08-12 12:00 AM Jul 3.9% 3.9%
2015-09-09 12:00 AM Aug 3.9%
2015-10-14 12:00 AM Sep 3.9%


South Korea Jobless Rate Steady in June


South Korea seasonally adjusted unemployment rate was recorded at 3.9 percent in June of 2015, remaining unchanged from the previous month, as the number of employed persons increased despite small job losses in some parts of job categories.

On an unadjusted basis, the unemployment rate rose to 3.9 percent from 3.8 percent in the preceding month. The number of unemployed persons increased to 1,050 thousand in June as compared to 1,022 thousand in the preceding month.

The number of employed persons totaled 26,205 thousand in June, up from 26,189 thousand in the previous month. From May  to June, employment in agriculture increased the most by 18 thousand, followed by the mining & manufacturing (+15 thousand); manufacturing (+14 thousand) and construction (+8 thousand). In contrast, job losses were recorded for the business, personal, public service & others (+1116 thousand), the construction sector (-15 thousand); wholesale& retail trade, accommodation & food (-6 thousand) and electricity, transport, telecom & finance (-6 thousand).

Year-on-year, employment rose 1.3 percent while unemployment went up 10.6 percent. The economically active population marked 27,255 in June, up 1.6 percent from a year earlier, while the inactive population rose to 15.770, up 0.7 percent. The labor force participation rate stood at 60.9 percent in June, remaining the same year-on-year.

Statistics South Korea l Rida Husna l rida@tradingeconomics.com
7/15/2015 9:23:41 AM


Recent Releases

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.
Published on 2015-06-10

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 Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.90 7.10 2.90 percent [+]
Employed Persons 25767.00 25746.00 25986.00 20275.00 Thousand [+]
Unemployed Persons 1042.00 1042.00 1564.00 684.00 Thousand [+]
Productivity 102.90 103.40 107.70 51.90 Index Points [+]
Labor Force Participation Rate 63.30 63.30 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 131.40 118.80 131.40 91.30 Index Points [+]
Population 50.42 50.22 50.42 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 9.90 9.40 13.40 3.80 percent [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.00 Jun/15 5.90 10.90 4.00 percent [+]
Brazil 6.90 Jun/15 6.70 13.10 4.30 percent [+]
Canada 6.80 Jun/15 6.80 13.10 2.90 percent [+]
China 4.04 Jun/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 4.41 Jun/15 4.45 5.93 2.22 percent [+]
Netherlands 6.90 Jun/15 6.90 7.90 3.60 percent [+]
Russia 5.40 Jun/15 5.60 14.10 4.80 percent [+]
South Korea 3.90 Jun/15 3.90 7.10 2.90 percent [+]
Spain 22.37 Jun/15 23.78 26.94 4.41 percent [+]
Switzerland 3.10 Jun/15 3.20 5.40 1.60 percent [+]
Turkey 9.60 Apr/15 10.60 14.80 7.30 percent [+]
United Kingdom 5.60 May/15 5.50 12.00 3.40 percent [+]
United States 5.30 Jun/15 5.50 10.80 2.50 percent [+]