Japan’s unemployment rate rose to 2.8 percent in April 2021 from an 11-month low of 2.6 percent a month earlier and above market consensus of 2.7 percent. The number of unemployed increased by 140 thousand from the previous month to 1.94 million while employment was down by 260 thousand to 66.58 million. The labor force dropped by 30 thousand to 68.62 million and those detached from the labor force fell 60 thousand to 41.75 million. The non-seasonally adjusted labor force participation rate rose to 62.2 percent in April from 61.5 in the same month a year earlier. Meantime, the jobs-to-application ratio was at 1.09 in April, compared with consensus and March's reading of 1.1. A year earlier, the unemployment rate was at 2.6 percent. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2021, reaching an all time high of 5.50 percent in June of 2002 and a record low of 1 percent in November of 1968. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Rate in Japan is expected to be 2.70 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 2.50 percent in 2022, according to our econometric models.