Labor Force Participation Rate in South Korea increased to 64 percent in May from 63.60 percent in April of 2019. Labor Force Participation Rate in South Korea averaged 60.93 percent from 1982 until 2019, reaching an all time high of 64 percent in May of 2019 and a record low of 48.50 percent in January of 1984.

Labor Force Participation Rate in South Korea is expected to be 62.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in South Korea to stand at 62.70 in 12 months time. In the long-term, the South Korea Labor Force Participation Rate is projected to trend around 63.00 percent in 2020, according to our econometric models.

South Korea Labor Force Participation 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 Labor Force Participation Rate

The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - South Korea Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Labor Force Participation Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
64.00 63.60 64.00 48.50 1982 - 2019 percent Monthly
NSA




Country Last Previous
United Kingdom 79.20 Mar/19
France 72.30 Mar/19
Netherlands 71.00 Apr/19
Indonesia 69.20 Dec/18
Switzerland 68.30 Mar/19
Singapore 67.70 Dec/18
Australia 66.00 May/19
Canada 65.70 May/19
Italy 65.70 Apr/19
South Korea 64.00 May/19
United States 62.80 May/19
Japan 62.10 Apr/19
Russia 62.10 Feb/19
Brazil 61.90 Apr/19
Germany 61.80 Dec/18
Mexico 59.70 Apr/19
South Africa 58.80 Mar/19
Spain 58.35 Mar/19
Euro Area 57.40 Dec/18
Saudi Arabia 55.90 Dec/18
Turkey 53.30 Mar/19
India 50.30 Dec/14
Argentina 46.50 Dec/18


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