The number of unemployed persons in South Korea decreased to 1095 Thousand in March of 2021 from 1127 Thousand in February of 2021. source: Statistics Korea

Unemployed Persons in South Korea averaged 924.90 Thousand from 1999 until 2021, reaching an all time high of 1546 Thousand in June of 1999 and a record low of 695 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 May of 2021.

Unemployed Persons in South Korea is expected to be 1150.00 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 2022, according to our econometric models.

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South Korea Unemployed Persons

Actual Previous Highest Lowest Dates Unit Frequency
1095.00 1127.00 1546.00 695.00 1999 - 2021 Thousand Monthly
Volume, SA

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 103.80 109.30 129.90 69.00 points [+]
Productivity 119.40 113.50 119.40 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 Unemployed Persons
In South Korea, unemployed persons are individuals who are without a job and actively seeking to work.