Korea, Rep. | Labor force participation rate for ages 15-24, total (%) (national estimate)

Labor force participation rate for ages 15-24 is the proportion of the population ages 15-24 that is economically active: all people who supply labor for the production of goods and services during a specified period. Development relevance: Estimates of women in the labor force and employment are generally lower than those of men and are not comparable internationally, reflecting that demographic, social, legal, and cultural trends and norms determine whether women's activities are regarded as economic. In many low-income countries women often work on farms or in other family enterprises without pay, and others work in or near their homes, mixing work and family activities during the day. In many high-income economies, women have been increasingly acquiring higher education that has led to better-compensated, longer-term careers rather than lower-skilled, shorter-term jobs. However, access to good- paying occupations for women remains unequal in many occupations and countries around the world. Labor force statistics by gender is important to monitor gender disparities in employment and unemployment patterns. Limitations and exceptions: Data on the labor force are compiled by the ILO from labor force surveys, censuses, and establishment censuses and surveys. For some countries a combination of these sources is used. Labor force surveys are the most comprehensive source for internationally comparable labor force data. They can cover all non-institutionalized civilians, all branches and sectors of the economy, and all categories of workers, including people holding multiple jobs. By contrast, labor force data from population censuses are often based on a limited number of questions on the economic characteristics of individuals, with little scope to probe. The resulting data often differ from labor force survey data and vary considerably by country, depending on the census scope and coverage. Establishment censuses and surveys provide data only on the employed population, not unemployed workers, workers in small establishments, or workers in the informal sector. The reference period of a census or survey is another important source of differences: in some countries data refer to people's status on the day of the census or survey or during a specific period before the inquiry date, while in others data are recorded without reference to any period. In countries, where the household is the basic unit of production and all members contribute to output, but some at low intensity or irregularly, the estimated labor force may be much smaller than the numbers actually working. Differing definitions of employment age also affect comparability. For most countries the working age is 15 and older, but in some countries children younger than 15 work full- or part-time and are included in the estimates. Similarly, some countries have an upper age limit. As a result, calculations may systematically over- or underestimate actual rates. Statistical concept and methodology: The labor force is the supply of labor available for producing goods and services in an economy. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers. Not everyone who works is included, however. Unpaid workers, family workers, and students are often omitted, and some countries do not count members of the armed forces. Labor force size tends to vary during the year as seasonal workers enter and leave.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Labor force participation rate for ages 15-24, total (%) (national estimate)
year value
1960 38.4
1961
1962
1963
1964
1965
1966 41.44
1967
1968
1969
1970 44.98
1971
1972
1973
1974
1975 51.06
1976
1977
1978
1979
1980 40.6
1981 42.59
1982 42.449
1983 39.841
1984 36.399
1985 35.556
1986 35.444
1987 35.458
1988 33.963
1989 34.305
1990 28.19
1991 37.267
1992 37.394
1993 36.89
1994 37.205
1995 36.934
1996 35.934
1997 34.83
1998 32.209
1999 32.146
2000 25.15
2001 32.096
2002 32.76
2003 32.652
2004 33.148
2005 31.328
2006 28.716
2007 26.302
2008 24.135
2009 23.101
2010 23.232
2011 23.796
2012 24.538
2013 24.735
2014 26.631
2015 28.175
2016 28.305
2017 28.055
2018 27.328
2019 27.596
2020 26.256
2021 27.558
2022 28.899

Korea, Rep. | Labor force participation rate for ages 15-24, total (%) (national estimate)

Labor force participation rate for ages 15-24 is the proportion of the population ages 15-24 that is economically active: all people who supply labor for the production of goods and services during a specified period. Development relevance: Estimates of women in the labor force and employment are generally lower than those of men and are not comparable internationally, reflecting that demographic, social, legal, and cultural trends and norms determine whether women's activities are regarded as economic. In many low-income countries women often work on farms or in other family enterprises without pay, and others work in or near their homes, mixing work and family activities during the day. In many high-income economies, women have been increasingly acquiring higher education that has led to better-compensated, longer-term careers rather than lower-skilled, shorter-term jobs. However, access to good- paying occupations for women remains unequal in many occupations and countries around the world. Labor force statistics by gender is important to monitor gender disparities in employment and unemployment patterns. Limitations and exceptions: Data on the labor force are compiled by the ILO from labor force surveys, censuses, and establishment censuses and surveys. For some countries a combination of these sources is used. Labor force surveys are the most comprehensive source for internationally comparable labor force data. They can cover all non-institutionalized civilians, all branches and sectors of the economy, and all categories of workers, including people holding multiple jobs. By contrast, labor force data from population censuses are often based on a limited number of questions on the economic characteristics of individuals, with little scope to probe. The resulting data often differ from labor force survey data and vary considerably by country, depending on the census scope and coverage. Establishment censuses and surveys provide data only on the employed population, not unemployed workers, workers in small establishments, or workers in the informal sector. The reference period of a census or survey is another important source of differences: in some countries data refer to people's status on the day of the census or survey or during a specific period before the inquiry date, while in others data are recorded without reference to any period. In countries, where the household is the basic unit of production and all members contribute to output, but some at low intensity or irregularly, the estimated labor force may be much smaller than the numbers actually working. Differing definitions of employment age also affect comparability. For most countries the working age is 15 and older, but in some countries children younger than 15 work full- or part-time and are included in the estimates. Similarly, some countries have an upper age limit. As a result, calculations may systematically over- or underestimate actual rates. Statistical concept and methodology: The labor force is the supply of labor available for producing goods and services in an economy. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers. Not everyone who works is included, however. Unpaid workers, family workers, and students are often omitted, and some countries do not count members of the armed forces. Labor force size tends to vary during the year as seasonal workers enter and leave.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source