South Korea: Unemployment rate

* indicates monthly or quarterly data series
 South Korea

Unemployment rate, percent

 Latest value 3
 Reference March 2024
 Measure percent
 Data availability June 1999 - March 2024
 Average 3.59
 Min - Max 2 - 6.7
 Source Korean Statistical Information Service
For that indicator, we provide data for South Korea from June 1999 to March 2024. The average value for South Korea during that period was 3.59 percent with a minimum of 2 percent in August 2023 and a maximum of 6.7 percent in June 1999. Click on the following link to see the values of Unemployment rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Unemployment rate  - recent values

Historical chart
South Korea - Unemployment rate  - historical chart - 1999-2024
Measure: percent
Source: Korean Statistical Information Service


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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.

 Related indicators Latest value Reference Measure
 Labor force 29.52 2023 million people
 Unemployment rate 2.86 2022 percent
 Female unemployment 2.68 2023 percent
 Male unemployment 2.64 2023 percent
 Youth unemployment 5.03 2023 percent
 Labor force participation 64.51 2023 percent
 Labor force: percent female 43.48 2023 percent
 Female labor force participation 55.77 2023 percent
 Male labor force participation 73.34 2023 percent
 Self-employment 23.45 2022 percent
 Employment 28.70 9/2023 million employed people
 Unemployment rate 2.30 9/2023 percent
 Labor cost 117.10 Q3/2023 index points
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