Employment Rate in South Korea increased to 61.50 percent in May from 60.80 percent in April of 2019. Employment Rate in South Korea averaged 59.77 percent from 1999 until 2019, reaching an all time high of 61.60 percent in July of 2017 and a record low of 56.10 percent in February of 2001.

Employment Rate in South Korea is expected to be 60.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in South Korea to stand at 61.40 in 12 months time. In the long-term, the South Korea Employment Rate is projected to trend around 61.50 percent in 2020, according to our econometric models.

South Korea Employment Rate
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.10 7.10 3.00 percent [+]
Employed Persons 27037.00 26972.00 27088.00 20268.00 Thousand [+]
Unemployed Persons 1134.00 1139.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 64.00 63.60 64.00 48.50 percent [+]
Productivity 111.50 112.10 112.10 53.50 Index Points [+]
Labour Costs 103.10 106.80 125.40 69.00 Index Points [+]
Wages 4021244.00 3359019.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4654149.00 3922407.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8350.00 7530.00 8350.00 600.00 KRW/Hour [+]
Population 51.61 51.36 51.61 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 10.10 11.70 13.40 3.80 percent [+]
Employment Rate 61.50 60.80 61.60 56.10 percent [+]


South Korea Employment Rate

In South Korea, the employment rate measures the number of people who have a job as a percentage of the population. This page provides - South Korea Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Employment Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
61.50 60.80 61.60 56.10 1999 - 2019 percent Monthly
NSA




Country Last Previous
Mexico 96.50 Apr/19
Switzerland 80.60 Dec/18
Netherlands 77.90 Dec/18
Germany 76.50 Dec/18
United Kingdom 76.10 Mar/19
France 66.10 Mar/19
Spain 63.58 Mar/19
Australia 62.40 Apr/19
Canada 62.20 May/19
South Korea 61.50 May/19
United States 60.60 May/19
Japan 60.50 Apr/19
Russia 59.00 Apr/19
Italy 58.80 Apr/19
Brazil 54.20 Apr/19
Turkey 46.00 Mar/19
South Africa 42.56 Mar/19
Argentina 42.20 Dec/18


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