Japan Jobless Rate Edges Up to 2.8% in December

The unemployment rate in Japan rose to 2.8 percent in December of 2017 from 2.7 percent in the prior month and slightly above market consensus of 2.7 percent. Meanwhile, the jobs-to-applicants ratio was up to 1.59 from 1.56 in November, above estimates of 1.57 and reaching the highest figure since January 1974.

Compared to the previous month, there were 1.86 million unemployed persons, 10 thousand more than in November. Employment declined by 70 thousand to 65.51 million, after an increase of 140 thousand in a month earlier. The labour force fell by 60 thousand to 67.39 million while those detached from the labour force was similar from the prior's month figure of 43.57 million.

Among people aged 15 to 24 years old, the jobless rate went up to 4.6 percent from 4.1 percent in November.

A year earlier, unemployment was higher at 3.1 percent.

Japan Jobless Rate Edges Up to 2.8% in December

Statistics Japan l Rida Husna | rida@tradingeconomics.com
1/29/2018 11:52:35 PM