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
Jan 2023
2.9%
3.1%
Dec 2022
3.3%
2.8%
Nov 2022
2.9%
2.8%
Oct 2022
2.8%
2.6%
Sep 2022
2.8%
2.7%
Aug 2022
2.5%
2.9%
Jul 2022
2.9%
2.8%
Jun 2022
2.9%
2.7%
May 2022
2.8%
2.7%
Apr 2022
2.7%
3.6%
Mar 2022
2.7%
3.6%
Feb 2022
2.7%
3.7%
Jan 2022
3.6%
3.5%
Dec 2021
3.8%
3.1%
Nov 2021
3.1%
3.1%
Oct 2021
3.2%
2.9%
Sep 2021
3.0%
3.6%
Aug 2021
2.8%
4.1%
Jul 2021
3.3%
4.5%
Jun 2021
3.7%
4.6%

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.