In 2023, the combined rate of time-related underemployment and unemployment of people aged 15 to 29 in South Korea stood at about 8.8 percent, showing a decrease from the previous year.
Combined rate of time-related underemployment and unemployment of people aged 15 to 29 years old in South Korea from 2015 to 2023
The combined rate of time-related underemployment and unemployment is one of the International Labour Organization's labor underutilization indicators (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 of people aged 15 to 29 years old in South Korea from 2015 to 2023 [Graph]. In Statista. Retrieved January 20, 2025, from https://www.statista.com/statistics/1233710/south-korea-youth-unemployment-and-time-related-underemployment-rate/?__sso_cookie_checker=failed
KOSIS. "Combined rate of time-related underemployment and unemployment of people aged 15 to 29 years old in South Korea from 2015 to 2023." Chart. May 17, 2024. Statista. Accessed January 20, 2025. https://www.statista.com/statistics/1233710/south-korea-youth-unemployment-and-time-related-underemployment-rate/?__sso_cookie_checker=failed
KOSIS. (2024). Combined rate of time-related underemployment and unemployment of people aged 15 to 29 years old in South Korea from 2015 to 2023. Statista. Statista Inc.. Accessed: January 20, 2025. https://www.statista.com/statistics/1233710/south-korea-youth-unemployment-and-time-related-underemployment-rate/?__sso_cookie_checker=failed
KOSIS. "Combined Rate of Time-related Underemployment and Unemployment of People Aged 15 to 29 Years Old in South Korea from 2015 to 2023." Statista, Statista Inc., 17 May 2024, https://www.statista.com/statistics/1233710/south-korea-youth-unemployment-and-time-related-underemployment-rate/?__sso_cookie_checker=failed
KOSIS, Combined rate of time-related underemployment and unemployment of people aged 15 to 29 years old in South Korea from 2015 to 2023 Statista, https://www.statista.com/statistics/1233710/south-korea-youth-unemployment-and-time-related-underemployment-rate/?__sso_cookie_checker=failed (last visited January 20, 2025)
Combined rate of time-related underemployment and unemployment of people aged 15 to 29 years old in South Korea from 2015 to 2023 [Graph], KOSIS, May 17, 2024. [Online]. Available: https://www.statista.com/statistics/1233710/south-korea-youth-unemployment-and-time-related-underemployment-rate/?__sso_cookie_checker=failed
