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

Unemployment Rate in South Korea remained unchanged at 3.70 percent in April of 2015 from 3.70 percent in March 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
3.70 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 Saturday, May 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-17 11:00 PM Feb 3.9% 3.4% 3.5%
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 3.7% 3.6%
2015-07-15 12:00 AM Jun 3.6%
2015-08-12 12:00 AM Jul 3.6%


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.

On an unadjusted basis, the unemployment rate rose to 3.9 percent from 4.0 percent in the preceding month. The number of unemployed persons decreased to 1,053 thousand in April as compared to 1,076 thousand in the preceding month.

The number of employed persons totaled 25,900 thousand, up from 25,501 thousand in the previous month. From March to April, employment in agriculture increased the most by 171 thousand, followed by the business, personal, public service & others (+1116 thousand), the construction sector (+61 thousand), mining & manufacturing (+56 thousand), manufacturing (+55 thousand) and electricity, transport, telecom & finance (+34 thousand). In contrast, job losses were recorded for the wholesale & retail trade, accommodation & food (-37 thousand).

Year-on-year, employment rose 0.8 percent in April while unemployment went up 3.9 percent. The economically active population marked 26,954 in April, up 0.9 percent from a year earlier, while the inactive population rose to 15.971, up 1.7 percent. The labor force participation rate stood at 62.8 percent in April, down 0.2 percentage points to 62.4 percent.

Statistics Korea l Rida Husna l rida@tradingeconomics.com
5/13/2015 3:31:43 AM


Recent Releases

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 3.70 3.70 7.10 2.90 percent [+]
Employed Persons 25768.00 25862.00 25986.00 20275.00 Thousand [+]
Unemployed Persons 1002.00 982.00 1564.00 684.00 Thousand [+]
Productivity 103.40 101.90 107.70 51.90 Index Points [+]
Labor Force Participation Rate 62.80 62.00 63.40 48.50 percent [+]
Wages 3252495.00 3226995.00 3256321.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3589912.00 3521603.00 3682593.00 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 10.30 10.70 13.40 3.80 percent [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.20 Apr/15 6.10 10.90 4.00 percent [+]
Brazil 6.40 Apr/15 6.20 13.10 4.30 percent [+]
Canada 6.80 Apr/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/15 4.10 4.30 3.90 percent [+]
Euro Area 11.30 Mar/15 11.30 12.00 7.20 percent [+]
France 10.40 Nov/14 10.30 10.80 7.20 percent [+]
Germany 4.70 Mar/15 4.70 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 13.00 Mar/15 12.70 13.20 5.90 percent [+]
Japan 3.30 Apr/15 3.40 5.60 1.00 percent [+]
Mexico 4.31 Apr/15 3.86 5.93 2.22 percent [+]
Netherlands 7.00 Apr/15 7.00 7.90 3.60 percent [+]
Russia 5.80 Apr/15 5.90 14.10 4.80 percent [+]
South Korea 3.70 Apr/15 3.70 7.10 2.90 percent [+]
Spain 23.78 Feb/15 23.70 26.94 4.41 percent [+]
Switzerland 3.30 Apr/15 3.40 5.40 1.60 percent [+]
Turkey 11.20 Feb/15 11.30 14.80 7.30 percent [+]
United Kingdom 5.50 Mar/15 5.60 12.00 3.40 percent [+]
United States 5.40 Apr/15 5.50 10.80 2.50 percent [+]