Japan Jobless Rate Retreats To 2.8% In June


The unemployment rate in Japan fell to 2.8 percent in June of 2017, down from 3.1 percent in the previous month. The figure came in below market consensus of 3 percent back to its 23-year low reached in the months February to April this year. Meanwhile, the jobs-to-applicants ratio was 1.51, up from 1.49 in the previous period and beating expectations of 1.50 to mark the highest level since February 1974.

Compared to the previous month, there were 1.89 million unemployed persons, 160 thousand less than in May. Employment increased by 120 thousand to 65.31 million, after falling by 30 thousand in May. The labour force declined by 40 thousand to 67.21 million while those detached from the labour force went down by 40 thousand to 43.73 million.

Among people aged 15 to 24 years old, the jobless rate dropped to 4.6 percent from 5.2 percent in May.

A year earlier, unemployment was higher at 3.1 percent.

Statsitics Japan | Charles | charles@tradingeconomics.com
7/28/2017 5:18:44 AM