The number of unemployed persons in South Korea decreased to 927 Thousand in February of 2020 from 1143 Thousand in January of 2020.

Unemployed Persons in South Korea averaged 912.45 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 April of 2020. source: Statistics Korea

Unemployed Persons in South Korea is expected to be 1080.00 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
927.00 1143.00 1546.00 690.00 1999 - 2020 Thousand Monthly
Volume, SA
Unemployed Persons by Country

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 4.00 7.10 3.00 percent [+]
Employed Persons 27522.00 27503.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 927.00 1143.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 62.60 62.60 64.20 48.50 percent [+]
Labour Costs 111.40 99.20 129.90 69.00 points [+]
Productivity 110.10 108.50 111.50 53.50 points [+]
Wages 3806684.00 3863726.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4149388.00 4199394.00 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 9.00 7.50 13.40 3.80 percent [+]
Employment Rate 60.00 60.80 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.