< 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
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
