Japan Jobless Rate Steady at 2.8% for 3rd Month

The unemployment rate in Japan came in at 2.8 percent in August of 2017, the same as in the prior two months. The figure was in line with market consensus and remained at its lowest in 23 years. Meanwhile, the jobs-to-applicants ratio was at 1.52, unchanged from the previous period while market expected 1.53. It stayed at its highest level since February 1974.

Compared to the previous month, there were 1.86 million unemployed persons, 4 thousand less than in July. Employment increased by 20 thousand to 65.65 million, after rising by 140 thousand in July. The labour force increased by 15 thousand to 67.51 million while those detached from the labour force went down by 16 thousand to 43.51 million.

Among people aged 15 to 24 years old, the jobless rate edged down to 4.8 percent from 4.9 percent in July.

A year earlier, unemployment was higher at 3.1 percent.

Japan Jobless Rate Steady at 2.8% for 3rd Month

Statistics Japan l Rida Husna | rida@tradingeconomics.com
9/29/2017 1:26:17 AM