Unemployment in Korea

Korea Unemployment | Economic News & Forecasts

Korea - Unemployment

Comprehensive data released in December highlighted that annual economic growth decelerated significantly in the third quarter compared to the second quarter, although this was partly due to a high base effect. The slowdown in Q3 was most evident in fixed investment. In terms of the fourth and final quarter of 2018, the economy has shown mixed signs so far. In December, the Bank of Korea’s business confidence survey posted the most pessimistic reading since January 2017, boding poorly for fixed investment. Furthermore, consumer confidence was pessimistic in both October and November and was at its most downbeat since February 2017 in the latter, which hints at mild private consumption growth. On the plus side, however, the unemployment rate ticked down for a second consecutive month in October, while industrial production rebounded.

Korea - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.1  3.5  3.6  3.7  3.7  

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Korea Unemployment Chart


Korea Unemployment
Note: Unemployment in % of active population.
Source: Korea National Statistics Office and FocusEconomics calculations.

Korea Facts

ValueChangeDate
Bond Yield1.971.55 %Jan 14
Exchange Rate1,1230.21 %Jan 14
Stock Market2,065-0.40 %Jan 14

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