The number of unemployed persons in South Korea decreased to 891 Thousand in August of 2020 from 1179 Thousand in July of 2020.

Unemployed Persons in South Korea averaged 916.98 Thousand from 1999 until 2020, reaching an all time high of 1546 Thousand in June of 1999 and a record low of 690 Thousand in September of 2002. This page provides - South Korea Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Unemployed Persons - values, historical data and charts - was last updated on September of 2020. source: Statistics Korea

Unemployed Persons in South Korea is expected to be 1120.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in South Korea to stand at 1110.00 in 12 months time. In the long-term, the South Korea Unemployed Persons is projected to trend around 1110.00 Thousand in 2021, according to our econometric models.

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South Korea Unemployed Persons

Actual Previous Highest Lowest Dates Unit Frequency
891.00 1179.00 1546.00 690.00 1999 - 2020 Thousand Monthly
Volume, SA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 4.20 7.10 3.00 percent [+]
Employed Persons 26922.00 26808.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 891.00 1179.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 62.40 63.10 64.20 48.50 percent [+]
Labour Costs 119.30 101.50 129.90 69.00 points [+]
Productivity 109.10 115.80 115.80 53.50 points [+]
Wages 3615931.00 4003335.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3803701.00 4432727.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8590.00 8350.00 8590.00 600.00 KRW/Hour [+]
Population 51.71 51.61 51.71 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 7.70 9.70 13.40 3.80 percent [+]
Employment Rate 60.40 60.20 61.70 56.10 percent [+]


South Korea Unemployed Persons
In South Korea, unemployed persons are individuals who are without a job and actively seeking to work.