The seasonally adjusted unemployment rate in South Korea decreased to 2.8 percent in August of 2021 from 3.3 percent in the previous month. It was the lowest jobless rate since the series began in 1999, as unemployed persons fell by 136 thousand to 794 thousand. There were 518,000 jobs added last month, compared to 542,000 a month earlier. source: Statistics Korea
Unemployment Rate in South Korea averaged 3.67 percent from 1999 until 2021, reaching an all time high of 7.10 percent in June of 1999 and a record low of 2.80 percent in August of 2021. This page provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Unemployment Rate in South Korea is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Unemployment Rate is projected to trend around 3.80 percent in 2022, according to our econometric models.