South Korea Unemployment Rate

South Korea's seasonally adjusted unemployment rate remained unchanged at 2.7% in November 2024, the same level as October, which marked the highest rate since June. The number of unemployed individuals decreased by 21,000, or 3.1% year-on-year, bringing the total to 656,000. Meanwhile, employment grew by 123,000, or 0.4% year-on-year, reaching 28.821 million people. The seasonally adjusted labor force participation rate remained steady at 64.6% in October, unchanged from the same period last year.