Youth Unemployment Rate in South Korea increased to 10.30 percent in May from 9.10 percent in April of 2020.

Youth Unemployment Rate in South Korea averaged 7.20 percent from 1982 until 2020, reaching an all time high of 13.40 percent in February of 1999 and a record low of 3.80 percent in July of 1995. This page provides - South Korea Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Youth Unemployment Rate - values, historical data and charts - was last updated on July of 2020. source: KOSTAT - Statistics Korea

Youth Unemployment Rate in South Korea is expected to be 10.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in South Korea to stand at 8.40 in 12 months time. In the long-term, the South Korea Youth Unemployment Rate is projected to trend around 8.40 percent in 2021, according to our econometric models.

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South Korea Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.30 9.10 13.40 3.80 1982 - 2020 percent Monthly
NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 3.80 7.10 3.00 percent [+]
Employed Persons 26657.00 26504.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 1242.00 1051.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 63.00 62.00 64.20 48.50 percent [+]
Labour Costs 101.50 111.40 129.90 69.00 points [+]
Productivity 115.80 110.10 115.80 53.50 points [+]
Wages 4003335.00 3806684.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4432727.00 4149388.00 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 10.30 9.10 13.40 3.80 percent [+]
Employment Rate 59.40 59.50 61.70 56.10 percent [+]