Market Intelligence Reports

Global Market Report Q2 2023

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ManpowerGroup Talent Solutions: Global QMR Q2 2023 | 77 South Korea 5 4 years 5 5 4 years 5 44 years 45 54 years 4 55 4 years 5 years . .4 . . . . . . . . .5 . . . . 5 . 5 .4 5 . 5 . .5 4 4 4 4 ale 5 54 ale 55 4 emale 5 54 emale 55 4 5, 5,4 , 5, 4 , , 5 5, 5, , 4 ,5 4 4 4 4 4 5 4 5 44 45 54 55 4 5 years Latest Available Data Q2 2023 Total Labor Force (000s) 29,236 Employed Workers (000s) 28,476 Unemployed Workers (000s) 760 Unemployment Rate 2.6% ▪ Almost a third (32%) of the Labor force is 55 years+. Nearly 1 in every 8 in the Labor Force is 65 years+. ▪ Retirement age is 60 years. ▪ Despite falls in the number of Labor force participants in the 35-54 year old age groups, the number of 65 years+ Labor force participants has increased by 34% since Q1 2019. ess than month months 4 months months 4 months 4 months Workforce Statistics Labor Force Participation Rates by Age and Sex Age Profile of Labor Force Number of Participants in Labor Force By Age (000s) Duration of Unemployment – 25 years+ TalentNeuron Hiring Demand Trend by Job Function Hiring Demand Trend For Vacancies https://kosis.kr/index/index.do ILOSTAT

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