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Back to Economic Calendar

Unemployment Rate

KR

Key Values

Actual
2.80
Forecast
2.80
Previous
2.70

About This Indicator

Description

The Unemployment Rate represents the percentage of the total labor force that is unemployed and actively seeking employment during the previous month. It is one of the most closely watched economic indicators as it reflects the health of the labor market and overall economic vitality. A declining rate suggests economic expansion and potential upward pressure on wages.

Methodology

The rate is derived from the Household Survey (Current Population Survey) conducted by the Bureau of Labor Statistics, covering approximately 60,000 households.

Source: Statistics Korea

Full History

Historical Data
View data as table
DateActualForecastSurprise
Aug 11, 20262.802.800.00
Jul 14, 20262.702.80-0.10
Jun 10, 20262.802.800.00
May 12, 20262.802.800.00
Apr 14, 20262.702.90-0.20
Jul 15, 20252.602.80-0.20
Jun 10, 20252.702.80-0.10
May 13, 20252.703.00-0.30
Apr 9, 20252.902.70+0.20
Mar 12, 20252.703.00-0.30
Jul 9, 20242.802.800.00
Jun 11, 20242.802.70+0.10
May 16, 20242.802.800.00
Apr 11, 20242.802.800.00
Mar 12, 20242.603.00-0.40
Jul 11, 20232.602.50+0.10
Jun 13, 20232.502.60-0.10
May 9, 20232.602.600.00
Apr 11, 20232.703.00-0.30
Mar 14, 20232.603.00-0.40
Jul 12, 20222.902.900.00
Jun 14, 20222.802.70+0.10
May 10, 20222.70——
Apr 12, 20222.702.90-0.20
Mar 15, 20222.703.60-0.90

Statistics

Mean
2.76
Std Deviation
0.31
Trend
Rising
Forecast Accuracy
85%
Data Points
162
YoY
+0.20

Upcoming Releases

Sep 8
23:00
Unemployment Rate
In 7 days
P: 2.80