South Korea Unemployment rate

Factbook > Countries > South Korea > Economy

Unemployment rate: 3.2% (2012 est.)
3.4% (2011 est.)

Definition: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of December 6, 2013

See Also

Related Data From the International Monetary Fund

Variable: Unemployment rate

Note: Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). [OECD Main Economic Indicators, OECD, monthly] As defined by the International Labour Organization, unemployed workers are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. [ILO, http://www.ilo.org/public/english/bureau/stat/res/index.htm]

Units: Percent of total labor force

Country-specific Note: Source: CEIC Latest actual data: 2010 Employment type: National definition Primary domestic currency: Korean won Data last updated: 09/2011

Source: International Monetary Fund - 2011 World Economic Outlook

YearUnemployment ratePercent Change
19805.2 
19814.5-13.46 %
19824.133-8.16 %
19834.117-0.39 %
19843.85-6.49 %
19854.0254.55 %
19863.842-4.55 %
19873.108-19.10 %
19882.525-18.76 %
19892.5832.30 %
19902.458-4.84 %
19912.45-0.33 %
19922.5253.06 %
19932.914.85 %
19942.475-14.66 %
19952.067-16.48 %
19962.058-0.44 %
19972.61727.16 %
19986.95165.57 %
19996.583-5.28 %
20004.425-32.78 %
20014.017-9.22 %
20023.283-18.27 %
20033.5678.65 %
20043.6833.25 %
20053.7331.36 %
20063.467-7.13 %
20073.25-6.26 %
20083.175-2.31 %
20093.6514.96 %
20103.7252.05 %

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