Japanese Unemployment Rate Down to 3.8% in July


In July, Japan's jobless rate fell 0.1 percentage points to 3.8 percent, the lowest level since October of 2008. The number of unemployed persons was 2.55 million, a decrease of 330 thousand or 11.5 percent from the previous year. Youth unemployment was 6.0 percent.

The number of employed persons in July of 2013 was 63.11 million, an increase of 340 thousand or 0.5 percent from the previous year. The jobs-to-applicants ratio rose to 0.94, the highest level since May of 2008 when it was at 0.95.

Compared to the same month a year earlier, employment rose the most in medical and health care, whole sale and retail trade, education, finance and insurance, and scientific research. The biggest job losses were reported in construction, agriculture and forestry, construction and transport and postal services.

Japanese Unemployment Rate Down to 3.8% in July


Statistics Japan | Nuno Fontes | nuno@tradingeconomics.com
8/30/2013 8:53:04 AM