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South Korea Unemployment Rate

Last Release
May 31, 2024
Actual
2.8
Units In
%
Previous
2.8
Frequency
Monthly
Next Release
Jul 09, 2024
Time to Release
27 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
7.1
Jun 1999
2.4
Aug 2023
3.58 %1999-2024Statistics Korea
In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

The seasonally adjusted unemployment rate in South Korea remained unchanged at 2.8% in May 2024. The number of unemployed individuals totaled 884,000, marking an increase of 97,000 or 12.3% from the previous year. Meanwhile, the number of employed individuals totaled 28.915 million, up by 80,000 or 0.3% from a year earlier. The labor force participation rate stood at 65.4% in May, representing a 0.1% increase year-on-year.

South Korea Unemployment Rate History

Last 12 readings

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