Labor Force Participation Rate in South Korea increased to 63.10 percent in March from 62.30 percent in February of 2019. Labor Force Participation Rate in South Korea averaged 60.92 percent from 1982 until 2019, reaching an all time high of 63.90 percent in June of 2017 and a record low of 48.50 percent in January of 1984.

Labor Force Participation Rate in South Korea is expected to be 62.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in South Korea to stand at 62.70 in 12 months time. In the long-term, the South Korea Labor Force Participation Rate is projected to trend around 63.00 percent in 2020, according to our econometric models.

South Korea Labor Force Participation 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 Labor Force Participation Rate

The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - South Korea Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Labor Force Participation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
63.10 62.30 63.90 48.50 1982 - 2019 percent Monthly
NSA




Country Last Previous
United Kingdom 79.30 Jan/19
France 72.30 Dec/18
Netherlands 71.00 Mar/19
Indonesia 69.20 Dec/18
Switzerland 68.50 Sep/18
Singapore 67.70 Dec/18
Australia 65.70 Mar/19
Canada 65.70 Mar/19
Italy 65.70 Feb/19
South Korea 63.10 Mar/19
United States 63.00 Mar/19
Russia 62.10 Feb/19
Brazil 61.60 Feb/19
Germany 61.50 Sep/18
Japan 61.40 Feb/19
South Africa 59.40 Dec/18
Mexico 59.20 Jan/19
Spain 58.61 Dec/18
Euro Area 57.30 Sep/18
Saudi Arabia 55.90 Dec/18
Turkey 52.90 Jan/19
India 52.50 Dec/13
Argentina 46.50 Dec/18


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