Unemployment in Korea

Korea Unemployment | Economic News & Forecasts

Korea - Unemployment

The economy appeared to decelerate in the third quarter. Consumer and business confidence trended lower in Q3 compared to the second quarter. Moreover, the merchandise trade surplus shrank in Q3 compared to the same quarter a year earlier due to higher energy imports. This comes after economic growth held steady for the second consecutive quarter in Q2. Meanwhile, the government announced new measures to limit house price growth in early September, after household debt growth continued to significantly outstrip income growth in recent months. These include restrictions on mortgage lending and scrapping tax incentives for owning multiple homes. On the diplomatic front, President Moon Jae-in and the leader of North Korea agreed on 19 September to take steps to reduce the risk of war, increase economic cooperation and achieve denuclearization on the Korean peninsula

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 Met the why particular calculations.

Korea Facts

ValueChangeDate
Bond Yield2.231.55 %Nov 09
Exchange Rate1,1280.21 %Nov 09
Stock Market2,086-0.11 %Nov 09

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