South Korea: Unemployment rate

* indicates monthly or quarterly data series
The most recent value is 3.8 percent as of December 2024, an increase compared to the previous value of 2.2 percent. Historically, the average for South Korea from June 1999 to December 2024 is 3.56 percent. The minimum of 1.9 percent was recorded in August 2024, while the maximum of 6.7 percent was reached in June 1999. Click on the following link to see the values of: Unemployment rate around the world.
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* indicates monthly or quarterly data series

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  • Measure: percent
  • Source: Korean Statistical Information Service

Recent values South Korea: Unemployment rate, percent
2024  Dec 3.8
2024  Nov 2.2
2024  Oct 2.3
2024  Sep 2.1
2024  Aug 1.9
2024  Jul 2.5
2024  Jun 2.9
2024  May 3


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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 Reference Measure
 Labor force 29.70 2023 million people
 Unemployment rate 2.64 2023 percent
 Female unemployment 2.69 2023 percent
 Male unemployment 2.61 2023 percent
 Youth unemployment 5.37 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
 Hours worked 1,895.79 2023 hours
 Self-employment 23.45 2022 percent
 Employment 28.04 12/2024 million employed people
 Unemployment rate 3.80 12/2024 percent
 Labor cost 122.40 Q3/2024 index points
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