Japan Unemployment Rate

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.

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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

News

Japan Jobless Rate Inches Higher to 2.5% in January
The seasonally adjusted unemployment rate in Japan edged up to 2.5 percent in January 2019 from 2.4 percent in the previous month and slightly above market expectations of 2.4 percent. Meanwhile, the jobs-to-applicants ratio remained unchanged at 1.63 and in line with consensus.
Published on 2019-03-01

Japan Jobless Rate Edges Down to 2.4% in December
The unemployment rate in Japan inched lower to 2.4 percent in December 2018 from 2.5 percent in the previous month and matching market expectations. Meanwhile, the jobs-to-applicants ratio remained unchanged at 1.63 and in line with consensus.
Published on 2019-02-01

Japan Jobless Rate Rises to 2.5% in November
The unemployment rate in Japan edged up to 2.5 percent in November of 2018 from 2.4 percent in the previous month and slightly above market expectations of 2.4 percent. Meanwhile, the jobs-to-applicants ratio edged up to 1.63 from 1.62 in October to match expectations.
Published on 2018-12-28

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.
Published on 2018-11-30

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		[+]

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

Export Data API

Country	Last		Previous	Range
South Africa	27.10	Dec/18	27.5	31.2 : 21.5	%
Turkey	14.70	Jan/19	13.5	14.8 : 7.3	%
Spain	14.45	Dec/18	14.55	26.94 : 4.41	%
Brazil	12.40	Feb/19	12	13.7 : 6.2	%
Italy	10.70	Feb/19	10.5	13.1 : 5.8	%
Argentina	9.10	Dec/18	9	20.8 : 5.9	%
France	8.80	Dec/18	9.1	10.7 : 7.2	%
Euro Area	7.80	Feb/19	7.8	12.1 : 7.3	%
Saudi Arabia	6.00	Dec/18	6	6.3 : 4.35	%
Canada	5.80	Mar/19	5.8	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.00	Mar/19	4.9	11.2 : 4	%
Russia	4.70	Mar/19	4.9	14.1 : 4.5	%
United Kingdom	3.90	Feb/19	3.9	12 : 3.4	%
China	3.80	Dec/18	3.82	4.3 : 3.8	%
South Korea	3.80	Mar/19	3.7	7.1 : 3	%
United States	3.80	Mar/19	3.8	10.8 : 2.5	%
India	3.53	Dec/18	3.52	8.3 : 3.41	%
Mexico	3.30	Feb/19	3.6	6.42 : 2.22	%
Netherlands	3.30	Mar/19	3.4	7.9 : 3.3	%
Germany	3.10	Feb/19	3.2	11.5 : 0.4	%
Switzerland	2.50	Mar/19	2.7	5.7 : 1.5	%
Japan	2.30	Feb/19	2.5	5.5 : 1	%
Singapore	2.20	Dec/18	2.1	6 : 1.4	%