South Korea Unemployment Rate

Country: South Korea, KRW
Importance:
Low
Sector: Labor
Last release
Actual
2.8%
Forecast
2.7%
Previous
2.8%
Next release
Actual
Coming in 27 days
Forecast
3.0%
Previous
2.8%
Date (GMT)
Reference
Actual
Forecast
May 2011
3.3%
Apr 2011
3.6%
Mar 2011
4.0%
Feb 2011
4.0%
Jan 2011
3.6%
Dec 2010
3.6%
Nov 2010
3.2%
Oct 2010
3.6%
Sep 2010
3.7%
Aug 2010
3.4%
Jul 2010
3.7%
Jun 2010
3.5%

The Unemployment Rate reflects a percentage of unemployed workers in relation to the total labor force. The unemployed include persons of working age, which are currently unemployed and are actively seeking employment. A higher than expected reading is seen as negative for the South Korean won quotes.