Japan Unemployment Rate Unchanged at 3%

The seasonally adjusted jobless rate in Japan was steady at 3.0 percent in October of 2016, the same as in September and in line with market expectations. The jobs-to-applicants ratio rose to 1.4 percent from 1.38 percent, hitting a new high since August 1991.

Compared to the previous month, there were 1.97 million unemployed persons, 50 thousand less than in September; employment rose by 60 thousand to 64.55 million and labour force also rose by 40 thousand to 66.54 million. Those detached from the labour force fell by 20 thousand to 44.15 million.
Among people aged 15 to 24 years old, the jobless rate fell to 5.1 percent from 5.3 percent.
A year earlier, unemployment was higher at 3.2 percent. 

Statistics Japan l Joana Taborda | joana.taborda@tradingeconomics.com
11/29/2016 12:08:27 AM