South Korea’s Employment Trends in September 2023

The Korean Statistical Office has released the employment trends for September 2023, aiming to inform the public about key statistical data and activities.

Key Highlights:

  1. Employment Rate (Ages 15-64, OECD Comparison):
    • The employment rate stands at 69.6%, a 0.7 percentage point increase from the same period last year.
  2. Unemployment Rate:
    • The unemployment rate is recorded at 2.3%, showing a 0.1 percentage point decrease from the previous year.
    • The number of unemployed individuals is 661,000, marking a 6.0% decrease compared to the same period last year.
    • Youth unemployment (ages 15-29) stands at 5.2%, experiencing a notable decrease of 0.9 percentage points from the previous year.
    • Seasonally adjusted unemployment rate is 2.6%, showing a 0.2 percentage point increase from the previous month.
  3. Employment Growth:
    • In September 2023, the total number of employed individuals is 28,698,000, reflecting a year-on-year increase of 309,000 (1.1%).,204,205,206,207,210,211,11109,11113,11814,213,215,214,11860,11695,216,218,219,220,10820,11815,11895,11816,208,245,222,223,225,226,227,228,229,230,11321,232,233,234,12029,10920,11469,11470,11817,236,237,11471,238,240,241,11865,243,244,11893,11898,12031,11825,246