The seasonally adjusted unemployment rate in South Korea was steady at 2.8% in April 2024. The number of unemployed persons totaled 885 thousand people in April, which increased 81 thousand persons or 10% year-on-year. Meanwhile, the number of employed persons totaled 28.693 million persons in April, which went up 261 thousand persons or 0.9% from a year earlier. The labor force participation rate stood at 65.0% in April, up by 0.6% from the same period last year. source: Statistics Korea
Unemployment Rate in South Korea remained unchanged at 2.80 percent in April. Unemployment Rate in South Korea averaged 3.58 percent from 1999 until 2024, reaching an all time high of 7.10 percent in June of 1999 and a record low of 2.40 percent in August of 2023. This page provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2024.
Unemployment Rate in South Korea remained unchanged at 2.80 percent in April. Unemployment Rate in South Korea is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Unemployment Rate is projected to trend around 3.40 percent in 2025, according to our econometric models.
South Korea Unemployment Rate
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.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 2.80 | 2.80 | 7.10 | 2.40 | 1999 - 2024 | percent | Monthly | SA |
News Stream
South Korea Jobless Rate Steady in April
The seasonally adjusted unemployment rate in South Korea was steady at 2.8% in April 2024. The number of unemployed persons totaled 885 thousand people in April, which increased 81 thousand persons or 10% year-on-year. Meanwhile, the number of employed persons totaled 28.693 million persons in April, which went up 261 thousand persons or 0.9% from a year earlier. The labor force participation rate stood at 65.0% in April, up by 0.6% from the same period last year.
2024-05-16
South Korea Jobless Rate Rises in March
The seasonally adjusted unemployment rate in South Korea rose to 2.8% in March 2024 from 2.6% in February, breaking two straight months of improvement in job trends, in line with expectations. The number of unemployed totaled 892,000 people in March, which increased 52,000 persons or 6.2% year-on-year. Meanwhile, the number of employed persons stood at 23.396 million in March, up 0.6% or 173,000 from a year ago. The labor force participation rate came in at 64.3% in March, up 0.2% year-on-year.
2024-04-11
South Korea Jobless Rate Falls to 2.6% in February
The seasonally adjusted unemployment rate in South Korea fell to 2.6% in February 2024, from 3% in the prior month. The economy added more than 300,000 jobs for the second consecutive month and number of employed people came to 28.04 million, up 329,000 from a year earlier.
2024-03-12
