South Korea · Unemployment Rate · %

## What this measures

The share of people in South Korea who want work and cannot find it, on the ILO's harmonised definition.

## Why it matters

The social side of the fiscal ledger: high unemployment raises spending and lowers revenue at the same time.

## How to read it

Compare against the country's own history; structural rates differ widely.

For a monthly, seasonally adjusted rate on the OECD's harmonised definition, read oecd.unemployment.kor.

## What it does not say

Modelled estimates smooth over national survey breaks, and informal work in emerging economies keeps measured unemployment low.

## Source

Source: World Bank, World Development Indicators (CC BY 4.0), indicator `SL.UEM.TOTL.ZS`, annual.