The number of unemployed persons in South Korea increased to 954 Thousand in September of 2019 from 867 Thousand in August of 2019. Unemployed Persons in South Korea averaged 910.10 Thousand from 1999 until 2019, reaching an all time high of 1546 Thousand in June of 1999 and a record low of 691 Thousand in September of 2002.

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 1120.00 in 12 months time. In the long-term, the South Korea Unemployed Persons is projected to trend around 1110.00 Thousand in 2020, according to our econometric models.

South Korea Unemployed Persons
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.10 7.10 3.00 percent [+]
Employed Persons 27159.00 27196.00 27196.00 20268.00 Thousand [+]
Unemployed Persons 954.00 867.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.50 63.30 64.20 48.50 percent [+]
Labour Costs 129.90 103.50 129.90 69.00 Index Points [+]
Productivity 108.00 111.30 111.50 53.50 Index Points [+]
Wages 3585588.00 4021244.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3804036.00 4654149.00 4654149.00 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 7.10 9.70 13.40 3.80 percent [+]
Employment Rate 61.50 61.40 61.60 56.10 percent [+]


South Korea Unemployed Persons

In South Korea, unemployed persons are individuals who are without a job and actively seeking to work. This page provides - South Korea Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Unemployed Persons - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
954.00 867.00 1546.00 691.00 1999 - 2019 Thousand Monthly
Volume, SA




Country Last Previous
Argentina 1438.00 Jun/19
Australia 709.60 Sep/19
Brazil 12.57 Aug/19
Canada 1113.20 Sep/19
China 947.00 Jun/19
Euro Area 12074.00 Aug/19
France 3373.30 Aug/19
Germany 2234.03 Sep/19
Indonesia 6871264.00 Dec/18
Italy 2451.63 Aug/19
Japan 1540.00 Aug/19
Mexico 2014496.00 Jun/19
Netherlands 323.00 Sep/19
Russia 3.30 Sep/19
Saudi Arabia 1002855.00 Jun/19
Singapore 100.20 Dec/18
South Africa 6655.30 Jun/19
South Korea 954.00 Sep/19
Spain 3115.06 Sep/19
Switzerland 99098.00 Sep/19
Turkey 4596.00 Jul/19
United Kingdom 1192.60 Sep/19
United States 5769.00 Sep/19


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