Japan Jobless Rate Below Forecasts in August

The unemployment rate in Japan edged down to 2.4 percent in August of 2018 from 2.5 percent in the previous month and slightly below market expectations of 2.5 percent. Meanwhile, the jobs-to-applicants ratio stood at 1.63, the same as in July and the highest since January 1974.

The number of unemployed declined by 50 thousand from a month earlier to 1.67 million in August, while employment increased by 260 thousand to 66.62 million. The labour force rose by 220 thousand to 68.29 million and those detached from the labour force went down 240 thousand to 42.59 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 4.1 percent in August from 3.8 percent in the previous month.

A year earlier, the unemployment rate was higher at 2.8 percent.

Japan Jobless Rate Below Forecasts in August

Statistics Japan | Rida | rida@tradingeconomics.com
9/28/2018 12:22:37 PM