Key data points
Last release
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Observation period
Aug 2026
Next release
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Forecast
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Highest
7.10 %on Jun 30, 1999
Lowest
2.40 %on Aug 31, 2023
Indicator info
In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
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Frequently asked questions
To calculate South Korea unemployment rate you need to take the number of the country residents without a job and looking for work divided by the total number of residents in the labor force.
The lowest ever South Korea unemployment rate is 2.40%.
The highest figure South Korea unemployment rate has ever reached is 7.10%.
Last month South Korea unemployment rate was 2.70%, and the month before it reached 2.80%.