South Korea Unemployment Rate

South Korea's seasonally adjusted unemployment rate rose to 3.7% in December 2024, the highest level since December 2021, as economic uncertainty and political turmoil weighed heavily on sentiment. December was the month of the short-lived attempt at martial law in South Korea. This latest figure represents a sharp increase from 2.7% in the previous two months. The number of employed persons declined by 52,000 in December compared to the previous year, reversing a gain of 123,000 in November. This marked the first decline in employment since February 2021.