Japan Jobless Rate Steady at 2.8% In July


The unemployment rate in Japan remained at it's 23-year low of 2.8 percent in July of 2017, unchanged from the previous month and consistent with the market consensus. Meanwhile, the jobs-to-applicants ratio was 1.52, up from 1.51 in the previous period and in-line with expectations to mark the highest level since February 1974.

Compared to the previous month, there were 1.9 million unemployed persons, 10 thousand more than in June. Employment increased by 140 thousand to 65.45 million, after rising by 120 thousand in June. The labour force increased by 150 thousand to 67.36 million while those detached from the labour force went down by 60 thousand to 43.67 million.

 Among people aged 15 to 24 years old, the jobless rate rose to 4.9 percent from 4.6 percent in June.

 A year earlier, unemployment was higher at 3 percent.

Charles | charles@tradingeconomics.com
8/28/2017 11:51:57 PM