FX.co ★ South Korea Jobless Rate Stays at 2.7% in May

In May 2025, South Korea's seasonally adjusted unemployment rate remained steady at 2.7% for the third time this year. The count of unemployed individuals decreased by 3.6% compared to the previous year, representing a reduction of 32,000 people and bringing the total to 853,000 for the month. Concurrently, there was positive movement in employment numbers; the workforce grew by 0.8%, with an increase of 245,000 people, reaching a total of 29.16 million compared to May 2024. Additionally, the labor force participation rate slightly rose to 65.6%, up from 65.1% in April.