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
Sep 2024
2.5%
2.5%
Aug 2024
1.9%
2.4%
Jul 2024
2.5%
2.9%
Jun 2024
2.8%
2.9%
May 2024
2.8%
2.6%
Apr 2024
2.8%
2.8%
Mar 2024
2.8%
2.6%
Feb 2024
2.6%
2.9%
Jan 2024
3.0%
3.3%
Dec 2023
3.3%
2.9%
Nov 2023
2.8%
2.5%
Oct 2023
2.5%
2.5%
Sep 2023
2.6%
2.6%
Aug 2023
2.4%
2.7%
Jul 2023
2.8%
2.5%
Jun 2023
2.6%
2.5%
May 2023
2.5%
2.6%
Apr 2023
2.6%
2.6%
Mar 2023
2.7%
2.7%
Feb 2023
2.6%
3.1%

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.