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International Labor Comparisons
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Country at a Glance
Republic of Korea
| Indicator | Unit | Report | Time Series | 2010 | 2011 | 2012 |
|---|---|---|---|---|---|---|
Hourly compensation costs in manufacturing | ||||||
Hourly compensation costs | U.S. dollars | 17.89 | 19.25 | 20.72 | ||
Hourly direct pay | U.S. dollars | 14.26 | 15.24 | 16.27 | ||
Hourly social insurance expenditures and labor-related taxes | U.S. dollars | 3.63 | 4.01 | 4.45 | ||
Productivity and unit labor costs in manufacturing | ||||||
Productivity (output per hour) | Annual growth rate | 172.7 | 183.1 | – | ||
Output | Annual growth rate | 165.5 | 177.4 | – | ||
Hours worked | Annual growth rate | 95.8 | 96.9 | – | ||
Unit labor costs in U.S. dollars | Annual growth rate | 117.2 | 114.9 | – | ||
Labor market | ||||||
Unemployment rate - Total | Percent of civilian labor force | 3.7 | 3.4 | 3.2 | ||
Unemployment rate - Youth (under 25) | Percent of civilian labor force | 9.8 | 9.6 | 9.0 | ||
Unemployment rate - Men | Percent of civilian labor force | 4.0 | 3.6 | 3.4 | ||
Unemployment rate - Women | Percent of civilian labor force | 3.3 | 3.1 | 3.0 | ||
Employment-population ratio - Total | Percent of civilian working-age population | 58.7 | 59.1 | 59.4 | ||
Employment-population ratio - Men | Percent of civilian working-age population | 70.1 | 70.5 | 70.8 | ||
Employment-population ratio - Women | Percent of civilian working-age population | 47.8 | 48.1 | 48.4 | ||
Labor force participation rate - Total | Percent of civilian working-age population | 61.0 | 61.1 | 61.3 | ||
Labor force participation rate - Men | Percent of civilian working-age population | 73.0 | 73.1 | 73.3 | ||
Labor force participation rate - Women | Percent of civilian working-age population | 49.4 | 49.7 | 49.9 | ||
Women's share of the labor force | Percent of civilian labor force | 41.4 | 41.5 | 41.6 | ||
Gross Domestic Product (GDP) | ||||||
GDP per capita | U.S. dollars | 29,411 | 30,254 | – | ||
GDP per hour | U.S. dollars | 25.93 | 27.14 | – | ||
GDP per employed person | U.S. dollars | 60,984 | 62,119 | – | ||
SOURCE: U.S. Department of Labor, U.S. Bureau of Labor Statistics, Division of International Labor Comparisons. | ||||||
Last Modified Date: August 21, 2013