Japan Jobless Rate Edges Down to 3% in September


The seasonally adjusted jobless rate in Japan fell to 3.0 percent in September of 2016 from 3.1 percent in August and slightly below market consensus. The jobs-to-applicants ratio rose to 1.38 in September, compared to 1.37 percent in August. It was the highest level since August 1991.

A year earlier, the unemployment rate stood at 3.4 percent.

In September 2016, the number of unemployed persons were 2.04 million, a decrease of 230 thousand (-10.1 percent from a year earlier). The number of employed persons were 64.97 million, an increase of 580 thousand (+0.9 percent from the previous year).

The labour force  rate grew 0.5 percent from a year earlier to 67.01 million and population aged 15 and over was flat at 110.80 million.

The labour force participation rate increased by 0.3 percentage points to 60.5 percent from 60.2 percent in September 2015.

Statistics Japan l Rida Husna | rida@tradingeconomics.com
10/28/2016 3:14:37 AM