Japan Unemployment Rate Unchanged at 2.4%

The unemployment rate in Japan remained steady at 2.4 percent in October 2019, matching market expectations despite steep declines in industrial production and exports in October. The jobs-to-applications ratio remained unchanged at 1.57, slightly above market expectations of 1.56.
Mario | mario@tradingeconomics.com
11/29/2019 2:09:10 PM
The number of unemployed declined 10 thousand from the previous month to 1.66 million in October, while employment climbed 280 thousand to 67.58 million. The labor force rose 270 thousand to 69.24 million and those detached from the labor force declined 250 thousand to 41.55 million.

The non-seasonally adjusted labor force participation rate currently stands at 62.6 percent, compared to 62.0 percent in October 2018.

A year earlier, the unemployment rate was also at 2.4 percent.

Japan Unemployment Rate Unchanged at 2.4%