South Korea unemployment rate

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South Korea unemployment rate: 2.7 (8%)
Last Update: October 31, 2024

South Korea unemployment rate closed down 2.7 as of October 31, 2024 from 2.5 from the previous month and 2.5 from last year.


South Korea unemployment rate Analytics & Data




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South Korea unemployment rate

Date Values
2024-10-31 2.7
2024-09-30 2.5
2024-08-31 2.4
2024-07-31 2.5
2024-06-30 2.8
2024-05-31 2.8
2024-04-30 2.8
2024-03-31 2.8
2024-02-29 2.6
2024-01-31 3
2023-12-31 3.2
2023-11-30 2.8
2023-10-31 2.5
2023-09-30 2.6
2023-08-31 2.4
2023-07-31 2.8
2023-06-30 2.6
2023-05-31 2.5
2023-04-30 2.6
2023-03-31 2.7
2023-02-28 2.6
2023-01-31 2.9
2022-12-31 3.1
2022-11-30 2.9

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South Korea unemployment rate Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
unemployment rate kr.unemploymentrate 2.7 2.5 8 8 Down UP 85 2024-10-31

South Korea unemployment rate Quantitative Analysis, Charts & Factors

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South Korea unemployment rate Historical Data

The MacroVar database offers free access to historical data for the South Korea unemployment rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Korea unemployment rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea unemployment rate

The unemployment rate in South Korea refers to the percentage of the labor force that is actively seeking employment but unable to find a job. This rate is an important indicator of the health of the economy, as high levels of unemployment can lead to decreased consumer spending, lower economic growth, and social issues such as poverty and crime. The South Korean government closely monitors the unemployment rate and implements policies to stimulate job growth and reduce unemployment, such as investing in education and training programs, supporting small businesses, and promoting job creation in key industries. By addressing the factors that contribute to high unemployment rates, South Korea aims to maintain a strong and stable economy with ample opportunities for its citizens to find meaningful employment.

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