The seasonally adjusted unemployment rate in Japan dropped unexpectedly to 2.3 percent in February 2019 from 2.5 percent in the previous month while markets had expected 2.5 percent. It was the lowest jobless rate since September last year. Meanwhile, the jobs-to-applicants ratio remained unchanged at 1.63 and in line with consensus. Unemployment Rate in Japan averaged 2.73 percent from 1953 until 2019, reaching an all time high of 5.50 percent in June of 2002 and a record low of 1 percent in November of 1968.

Unemployment Rate in Japan is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Japan to stand at 2.60 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Japan Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-27 11:30 PM Unemployment Rate 2.5% 2.4% 2.4% 2.4%
2019-01-31 11:30 PM Unemployment Rate 2.4% 2.5% 2.4% 2.4%
2019-02-28 11:30 PM Unemployment Rate 2.5% 2.4% 2.4% 2.4%
2019-03-28 11:30 PM Unemployment Rate 2.3% 2.5% 2.5% 2.50%
2019-04-25 11:30 PM Unemployment Rate 2.3% 2.4% 2.4%
2019-05-30 11:30 PM Unemployment Rate 2.50%
2019-06-27 11:30 PM Unemployment Rate 2.50%



Japan Jobless Rate Falls to 5-Month Low

The seasonally adjusted unemployment rate in Japan dropped unexpectedly to 2.3 percent in February 2019 from 2.5 percent in the previous month while markets had expected 2.5 percent. It was the lowest jobless rate since September last year. Meanwhile, the jobs-to-applicants ratio remained unchanged at 1.63 and in line with consensus.

The number of unemployed decreased 120 thousand from a month earlier to 1.60 million in February, while employment rose by 490 thousand to 67.14 million. The labor force increased 340 thousand to 68.73 million and those detached from the labor force fell 370 thousand to 42.14 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went up to 3.4 percent in February from 3.2 percent in January.

A year earlier, the unemployment rate was higher at 2.5 percent.


Statistics Japan l Rida Husna | rida@tradingeconomics.com
3/29/2019 12:28:33 AM



Japan Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.30 2.50 5.50 1.00 percent [+]
Employed Persons 67140.00 66650.00 67140.00 38370.00 Thousand [+]
Unemployed Persons 1600.00 1720.00 3680.00 490.00 Thousand [+]
Part Time Employment 7413.00 7129.00 7413.00 1988.00 Thousand [+]
Full Time Employment 21774.00 22067.00 22384.00 19397.00 Thousand [+]
Employment Rate 60.00 59.70 63.50 55.90 percent [+]
Labor Force Participation Rate 61.40 61.20 74.00 58.50 percent [+]
Youth Unemployment Rate 3.40 3.20 10.90 1.60 percent [+]
Productivity 106.90 101.60 120.40 68.30 Index Points [+]
Job Vacancies 997.45 990.91 1026.96 266.29 Thousand [+]
Wages 296402.00 312860.00 883791.00 52914.00 JPY/Month [+]
Wages in Manufacturing 330527.00 341922.00 868487.00 9785.00 JPY/Month [+]
Wage Growth -0.80 -0.60 35.02 -7.10 percent [+]
Minimum Wages 874.00 848.00 874.00 663.00 JPY/Hour [+]
Population 126.71 126.93 128.06 83.20 Million [+]
Retirement Age Women 62.00 62.00 62.00 60.00 [+]
Retirement Age Men 62.00 62.00 62.00 60.00 [+]


Japan Unemployment Rate

In Japan, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Japan Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.50 5.50 1.00 1953 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Turkey 14.70 Jan/19
Spain 14.45 Dec/18
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 5.00 Mar/19
Russia 4.70 Mar/19
United Kingdom 3.90 Feb/19
China 3.80 Dec/18
South Korea 3.80 Mar/19
United States 3.80 Mar/19
India 3.53 Dec/18
Mexico 3.30 Feb/19
Netherlands 3.30 Mar/19
Germany 3.10 Feb/19
Switzerland 2.50 Mar/19
Japan 2.30 Feb/19
Singapore 2.20 Dec/18


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