In 2023, the overall rate of time-related underemployment and unemployment in South Korea decreased to approximately 5.2 percent. This combined rate has been on a downward trend since 2021.
Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023
The combined rate of time-related underemployment and unemployment is one of the labor underutilization indicators of the International Labour Organization (LU2 indicator) and is calculated as
[(persons in time-related underemployment + persons in unemployment) / labor force] x 100.
It captures the unemployment situation in a broader way by including people in time-related underemployment, those who worked less than 36 hours per week and wanted or were able to work additional hours.
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KOSIS. (May 17, 2024). Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS. "Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023." Chart. May 17, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS. (2024). Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS. "Combined Rate of Time-related Underemployment and Unemployment in South Korea from 2015 to 2023." Statista, Statista Inc., 17 May 2024, https://www.statista.com/statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS, Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023 Statista, https://www.statista.com/statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/ (last visited November 21, 2024)
Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023 [Graph], KOSIS, May 17, 2024. [Online]. Available: https://www.statista.com/statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
