In 2023, the combined rate of labor underutilization in South Korea declined to approximately nine percent, marking a decrease compared to the previous year. This measure encompasses individuals in temporary underemployment as well as those who are part of the potential labor force.
Composite rate of labor underutilization in South Korea from 2015 to 2023
The composite rate of labor underutilization is one of the labor underutilization indicators of the International Labour Organization (LU4 indicator) and is calculated as [(persons in time-related underemployment + persons in unemployment +
potential labor force) /(labor force + potential labor force)] x 100.
It captures the unemployment situation in a broader way by including the unemployed who are not covered by the unemployment rate, such as people who wanted employment but have not sought work in the past four weeks or people in time-related underemployment who wanted or were able to work additional hours.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
KOSIS. (May 17, 2024). Composite rate of labor underutilization in South Korea from 2015 to 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1233336/south-korea-composite-labor-underutilization-rate/
KOSIS. "Composite rate of labor underutilization in South Korea from 2015 to 2023." Chart. May 17, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1233336/south-korea-composite-labor-underutilization-rate/
KOSIS. (2024). Composite rate of labor underutilization in South Korea from 2015 to 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1233336/south-korea-composite-labor-underutilization-rate/
KOSIS. "Composite Rate of Labor Underutilization in South Korea from 2015 to 2023." Statista, Statista Inc., 17 May 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1233336/south-korea-composite-labor-underutilization-rate/
KOSIS, Composite rate of labor underutilization in South Korea from 2015 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1233336/south-korea-composite-labor-underutilization-rate/ (last visited November 10, 2024)
Composite rate of labor underutilization in South Korea from 2015 to 2023 [Graph], KOSIS, May 17, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1233336/south-korea-composite-labor-underutilization-rate/
