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APAC QMR Q2 2023

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Talent Solutions - APAC QMR Q2 2023 | 49 South Korea a s a s a s a s a s a s a a a a a s 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. ss a s s s s s 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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