FX.co ★ South Korea Jobless Rate Falls to 2.5% in July

In July 2025, South Korea experienced a drop in its seasonally adjusted unemployment rate, reaching 2.5%, following declines from 2.7% in May and 2.6% in June. The count of unemployed individuals fell to 726,000, representing a decrease of 11,000 or 1.5% compared to the same period last year. Concurrently, employment increased by 171,000, or 0.6%, bringing the total to 29.03 million. Additionally, the labor force participation rate rose by 0.1 percentage points to 65%, suggesting ongoing robustness in labor market engagement. These statistics underscore the resilience of South Korea’s job market amid enduring global economic challenges.