Japan Jobless Rate Inches Higher to 2.4% in October

The unemployment rate in Japan edged up to 2.4 percent in October of 2018 from a 4-month low of 2.3 percent in the previous month and slightly above market expectations of 2.3 percent. Meanwhile, the jobs-to-applicants ratio fell unexpectedly to 1.62 from 1.64 in September and missing estimates of 1.65.

The number of unemployed increased by 80 thousand from a month earlier to 1.68 million in October, and employment rose 230 thousand to 66.88 million. The labour force went up 330 thousand to 68.58 million and those detached from the labour force dropped 310 thousand to 42.33 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was steady at 3.4 percent in October.

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

Japan Jobless Rate Inches Higher to 2.4% in October

Statistics Japan l Rida | rida@tradingeconomics.com
11/30/2018 12:33:35 AM