Japan Jobless Rate Falls to 21-Year Low in June

The seasonally adjusted jobless rate in Japan stood at 3.1 percent in June of 2016, down from 3.2 percent in the previous three months. It was the lowest jobless rate since July 1995, while market expected 3.2 percent. The jobs-to-applicants ratio came in at 1.37 in June, compared to 1.36 percent in May and in line with consensus. It was the highest figure since August 1991.

A year earlier, the unemployment rate came in at 3.4 percent.

In June 2016, the number of unemployed persons were 2.10 million, a decrease of 140 thousand (-6.3 percent from a year earlier). The number of employed persons were 64.97 million, an increase of 720 thousand (+1.1 percent from the previous year).

The labour force  rate grew 0.9 percent from a year earlier to 67.07 million and population aged 15 and over was flat at 110.79 million.

The labour force participation rate increased by 0.5 percentage points to 60.5 percent from 60.0 percent in June 2015.

Japan Jobless Rate Falls to 21-Year Low in June

Statistics Bureau of Japan l Rida Husna | rida@tradingeconomics.com
7/29/2016 1:49:14 AM