The unemployment rate in Japan remained unchanged at 2.2 percent in August 2019, the lowest since October 1992 and below market expectations of 2.3 percent. The jobs-to-applications ratio also remained steady at 1.59, the lowest since March 2018 but above market expectations of 1.58. 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
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Calendar GMT Actual Previous Consensus TEForecast
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% 2.3% 2.2%
2019-10-31 11:30 PM Unemployment Rate Sep 2.2% 2.2%
2019-11-28 11:30 PM Unemployment Rate Oct 2.2%
2019-12-26 11:30 PM Unemployment Rate Nov 2.3%



Japan Jobless Rate Still at 26-Year Low

The unemployment rate in Japan remained unchanged at 2.2 percent in August 2019, the lowest since October 1992 and below market expectations of 2.3 percent. The jobs-to-applications ratio also remained steady at 1.59, the lowest since March 2018 but above market expectations of 1.58.

The number of unemployed was unchangd at 1.54 million in August, while employment grew by 190 thousand to 67.35 million. The labor force rose 180 thousand to 68.89 million and those detached from the labor force decreased 160 thousand to 41.97 million. 

The non-seasonally adjusted labor force participation rate currently stands at 62.3 percent, compard to 61.7 percent in August 2018.

A year earlier, the unemployment rate was higher at 2.4 percent.



Mario | mario@tradingeconomics.com
10/1/2019 1:19:56 PM



Japan Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.20 5.50 1.00 percent [+]
Employed Persons 67350.00 67160.00 67350.00 38370.00 Thousand [+]
Unemployed Persons 1540.00 1540.00 3680.00 490.00 Thousand [+]
Full Time Employment 22068.00 22211.00 22384.00 19397.00 Thousand [+]
Part Time Employment 7532.00 7339.00 7532.00 1988.00 Thousand [+]
Employment Rate 60.90 60.70 65.40 55.90 percent [+]
Labor Force Participation Rate 62.30 62.10 74.00 58.50 percent [+]
Youth Unemployment Rate 3.70 3.40 10.90 1.60 percent [+]
Productivity 101.90 97.00 117.70 66.80 Index Points [+]
Job Vacancies 963.44 957.81 1026.96 266.29 Thousand [+]
Wages 305988.00 427395.00 883791.00 52914.00 JPY/Month [+]
Wages in Manufacturing 342888.00 590607.00 868487.00 9785.00 JPY/Month [+]
Wage Growth -0.20 -1.00 35.02 -7.10 percent [+]
Minimum Wages 901.00 874.00 901.00 663.00 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 1.59 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 October of 2019.

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




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.90 Jul/19
Brazil 11.80 Aug/19
Argentina 10.60 Jun/19
Italy 9.50 Aug/19
France 8.50 Jun/19
Euro Area 7.40 Aug/19
India 6.00 Dec/18
Saudi Arabia 5.60 Jun/19
Canada 5.50 Sep/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.90 Aug/19
Mexico 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
United States 3.50 Sep/19
Germany 3.10 Aug/19
South Korea 3.10 Aug/19
Japan 2.20 Aug/19
Singapore 2.20 Jun/19
Switzerland 2.10 Sep/19


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