Home News Labor force participation rate in South Korea stood at 62.6% in January,...

Labor force participation rate in South Korea stood at 62.6% in January, up 0.4%p year-on-year

 < Economically active population and labor force participation rate in South Korea>
   ◯ The economically active population marked 28.387 million persons in January, which grew 291 thousand persons or 1.0% year-on-year.
   ◯ The labor force participation rate stood at 62.6% in January, up 0.4%p year-on-year.
  < Employed persons and employment to population ratio >
   ◯ The number of employed persons totaled 27.363 million persons in January, which went up 411 thousand persons or 1.5% year-on-year.
   ◯ The employment to population ratio recorded 60.3% in January, up 0.7%p year-on-year.
  < Unemployed persons and unemployment rate >
   ◯ The number of unemployed persons totaled 1,024 thousand people in January, which decreased 119 thousand persons or 10.4% year-on-year.
   ◯ The unemployment rate marked 3.6% in January, down 0.5%p year-on-year.
  < Economically inactive population >
   ◯ The economically inactive population totaled 16.965 million people in January, decreasing 139 thousand persons or 0.8% year-on-year.

Source: Statistics Korea
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