Employment Rate in South Korea increased to 59.80 percent in March from 58.60 percent in February of 2021. source: Statistics Korea

Employment Rate in South Korea averaged 59.81 percent from 1999 until 2021, reaching an all time high of 61.70 percent in October of 2019 and a record low of 56.10 percent in February of 2001. This page provides - South Korea Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Employment Rate - values, historical data and charts - was last updated on April of 2021.

Employment Rate in South Korea is expected to be 58.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in South Korea to stand at 61.00 in 12 months time. In the long-term, the South Korea Employment Rate is projected to trend around 60.00 percent in 2022, according to our econometric models.

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South Korea Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
59.80 58.60 61.70 56.10 1999 - 2021 percent Monthly
NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.00 7.10 3.00 percent [+]
Employed Persons 27145.00 27017.00 27508.00 20268.00 Thousand [+]
Unemployed Persons 1095.00 1127.00 1546.00 695.00 Thousand [+]
Labor Force Participation Rate 62.50 61.60 64.20 48.50 percent [+]
Labour Costs 109.30 104.00 129.90 69.00 points [+]
Productivity 113.50 111.00 115.80 53.50 points [+]
Wages 3868678.00 3895894.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4248573.00 4232213.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8720.00 8590.00 8720.00 600.00 KRW/Hour [+]
Population 51.78 51.71 51.78 25.01 Million [+]
Retirement Age Women 62.00 60.00 62.00 55.00 [+]
Retirement Age Men 62.00 60.00 62.00 55.00 [+]
Employment Rate 59.80 58.60 61.70 56.10 percent [+]
Youth Unemployment Rate 10.00 10.00 13.40 3.80 percent [+]


South Korea Employment Rate
In South Korea, the employment rate measures the number of people who have a job as a percentage of the population.