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South Korea Unemployment Rate
Last Release
Sep 30, 2024
Actual
2.5
Units In
%
Previous
2.4
Frequency
Monthly
Next Release
Nov 12, 2024
Time to Release
26 Days 22 Hours
Highest | Lowest | Average | Date Range | Source |
7.1 Jun 1999 | 2.4 Aug 2023 | 3.57 % | 1999-2024 | Statistics 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 edged up to 2.5% in September 2024 from a one-year low of 2.4% in August. The number of unemployed persons declined by 39,000 or 5.9% year-on-year to 622,000. The number of employed persons also totaled 28.842 million, up 144,000 or 0.5% from a year ago. The seasonally adjusted labor force participation rate stood at 64.5% in September, remaining the same year-on-year.
South Korea Unemployment Rate History
Last 12 readings
