Japan Jobless Rate Climbs To 5-Month High Of 3.1% In May

The unemployment rate in Japan rose slightly to 3.1 percent in May of 2017, up from 2.8 percent in the previous 3 months. The figure was above the market consensus of 2.8 percent and marked the highest jobless rate since December 2016. Meanwhile, the jobs-to-applicants ratio was 1.49, up from 1.48 in the previous period and beating expectations of 1.48 to mark the highest level since February 1974.

Compared to the previous month, there were 2.05 million unemployed persons, 190 thousand more than in April. Employment increased by 30 thousand to 65.19 million, slowing from a 260 thousand increase in April. The labour force rose by 220 thousand to 67.57 million while those detached from the labour force went down by 190 thousand to 43.77 million.

Among people aged 15 to 24 years old, the jobless rate rose to 5.2 percent from 5 percent in April.

A year earlier, unemployment was higher at 3.2 percent.

Statsitics Japan | Charles | charles@tradingeconomics.com
6/30/2017 9:37:48 AM