The unemployment rate in Japan fell to 2.2 percent in July 2019, the lowest since October 1992 and below market expectations of 2.4 percent. The jobs-to-applications ratio declined to 1.59, the lowest since March 2018 and also below consensus of 1.61. Unemployment Rate in Japan averaged 2.72 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 2.20 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 2.50 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-30 11:30 PM Unemployment Rate Apr 2.4% 2.5% 2.4% 2.5%
2019-06-27 11:30 PM Unemployment Rate May 2.4% 2.4% 2.4% 2.4%
2019-07-29 11:30 PM Unemployment Rate Jun 2.3% 2.4% 2.4% 2.3%
2019-08-29 11:30 PM Unemployment Rate Jul 2.2% 2.3% 2.4% 2.4%
2019-09-30 11:30 PM Unemployment Rate Aug 2.2% 2.2%
2019-10-31 11:30 PM Unemployment Rate Sep 2.2%
2019-11-28 11:30 PM Unemployment Rate Oct 2.2%



Japan Jobless Rate Falls to 26-Year Low

The unemployment rate in Japan fell to 2.2 percent in July 2019, the lowest since October 1992 and below market expectations of 2.4 percent. The jobs-to-applications ratio declined to 1.59, the lowest since March 2018 and also below consensus of 1.61.

The number of unemployed fell 70 thousand from a month earlier to 1.54 million in July, while employment grew by 150 thousand to 67.16 million. The labor force rose 90 thousand to 68.71 million and those detached from the labor force decreased 30 thousand to 42.13 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, dropped to 3.4 percent in July, the lowest in five months, from 3.8 percent in June. 

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


Statistics Japan | Rida Husna | rida@tradingeconomics.com
8/30/2019 11:41:07 AM



Japan Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.30 5.50 1.00 percent [+]
Employed Persons 67160.00 67010.00 67320.00 38370.00 Thousand [+]
Unemployed Persons 1540.00 1610.00 3680.00 490.00 Thousand [+]
Part Time Employment 7339.00 7352.00 7413.00 1988.00 Thousand [+]
Full Time Employment 22211.00 22252.00 22384.00 19397.00 Thousand [+]
Employment Rate 60.70 60.80 65.40 55.90 percent [+]
Labor Force Participation Rate 62.10 62.30 74.00 58.50 percent [+]
Youth Unemployment Rate 3.40 3.80 10.90 1.60 percent [+]
Productivity 97.00 103.30 120.40 68.30 Index Points [+]
Job Vacancies 957.81 973.11 1026.96 266.29 Thousand [+]
Wages 427395.00 560430.00 883791.00 52914.00 JPY/Month [+]
Wages in Manufacturing 590607.00 571547.00 868487.00 9785.00 JPY/Month [+]
Wage Growth -0.30 0.40 35.02 -7.10 percent [+]
Minimum Wages 874.00 848.00 874.00 663.00 JPY/Hour [+]
Population 126.25 126.71 128.06 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 [+]
Jobs To Applications Ratio 1.59 1.61 1.93 0.42 [+]


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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 5.50 1.00 1953 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


Related

Latest