Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Denmark
Annual, Not Seasonally Adjusted
LMUNRLTTDKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,772.55
Year-over-Year Change
-46.91%
Date Range
1/1/1964 - 1/1/2016
Summary
This series measures the annual unemployment rate in South Korea, providing a key indicator of the country's labor market conditions and overall economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted unemployment rate for South Korea tracks the percentage of the labor force that is jobless but actively seeking employment. This metric is widely used by economists and policymakers to assess the health of the Korean economy and labor market.
Methodology
The data is collected through household surveys conducted by the Statistics Korea agency.
Historical Context
The unemployment rate is a critical input for economic policy decisions and can influence consumer confidence, business investment, and government fiscal and monetary policies.
Key Facts
- South Korea's unemployment rate averaged 3.6% from 2010-2022.
- The highest recorded unemployment rate in South Korea was 4.5% in 2020.
- South Korea's unemployment rate is consistently lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in South Korea, which represents the percentage of the labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of a country's overall economic health and labor market conditions, making it highly relevant for economic analysts, policymakers, and anyone interested in the performance of the Korean economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Statistics Korea agency.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for economic policy decisions, as it can influence consumer confidence, business investment, and government fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate for South Korea is typically released with a short delay, and the data may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRLTTDKA647N), retrieved from FRED.