Employment Rate in South Korea decreased to 60.10 percent in December from 61.40 percent in November of 2018. Employment Rate in South Korea averaged 59.76 percent from 1999 until 2018, reaching an all time high of 61.60 percent in July of 2017 and a record low of 56.10 percent in February of 2001.

Employment Rate in South Korea is expected to be 58.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in South Korea to stand at 61.40 in 12 months time. In the long-term, the South Korea Employment Rate is projected to trend around 61.50 percent in 2020, according to our econometric models.

South Korea Employment Rate
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.70 7.10 3.00 percent [+]
Employed Persons 27088.00 27059.00 27088.00 20268.00 Thousand [+]
Unemployed Persons 1058.00 1033.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.10 62.30 63.90 48.50 percent [+]
Productivity 109.80 109.20 109.80 53.50 Index Points [+]
Labour Costs 109.40 96.50 149.40 91.30 Index Points [+]
Wages 3359019.00 3737254.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3922407.00 4067903.00 4562783.00 2520139.00 KRW/Month [+]
Minimum Wages 8350.00 7530.00 8350.00 600.00 KRW/Hour [+]
Population 51.61 51.36 51.61 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 10.90 9.30 13.40 3.80 percent [+]
Employment Rate 60.10 61.40 61.60 56.10 percent [+]


South Korea Employment Rate

In South Korea, the employment rate measures the number of people who have a job as a percentage of the population. This page provides - South Korea Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Employment Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
60.10 61.40 61.60 56.10 1999 - 2018 percent Monthly
NSA




Country Last Previous
Mexico 96.70 Feb/19
Switzerland 80.50 Sep/18
Netherlands 77.70 Sep/18
Germany 76.30 Sep/18
United Kingdom 76.10 Jan/19
France 66.10 Dec/18
Spain 64.00 Dec/18
Australia 62.30 Mar/19
Canada 61.90 Mar/19
United States 60.60 Mar/19
South Korea 60.10 Dec/18
Japan 60.00 Feb/19
Russia 59.10 Feb/19
Italy 58.60 Feb/19
Brazil 53.90 Feb/19
Turkey 45.90 Jan/19
South Africa 43.34 Dec/18
Argentina 42.20 Dec/18


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