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. Unemployment Rate in Japan averaged 2.73 percent from 1953 until 2018, 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 2.40 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.

Japan Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-30 11:30 PM Unemployment Rate 2.5% 2.4% 2.4% 2.4%
2018-09-27 11:30 PM Unemployment Rate 2.4% 2.5% 2.5% 2.5%
2018-10-29 11:30 PM Unemployment Rate 2.3% 2.4% 2.4% 2.4%
2018-11-29 11:30 PM Unemployment Rate 2.4% 2.3% 2.3% 2.3%
2018-12-27 11:30 PM Unemployment Rate 2.4% 2.4%
2019-01-31 11:30 PM Unemployment Rate 2.3%
2019-03-01 11:30 PM Unemployment Rate



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.

The number of unemployed increased by 80 thousand from a month earlier to 1.68 million in October, and employment rose 230 thousand to 66.88 million. The labour force went up 330 thousand to 68.58 million and those detached from the labour force dropped 310 thousand to 42.33 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was steady at 3.4 percent in October.

A year earlier, the unemployment rate was higher at 2.8 percent.


Statistics Japan l Rida | rida@tradingeconomics.com
11/30/2018 12:33:35 AM



Japan Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.40 2.30 5.50 1.00 percent [+]
Employed Persons 66880.00 66650.00 66940.00 38370.00 Thousand [+]
Unemployed Persons 1680.00 1600.00 3680.00 490.00 Thousand [+]
Part Time Employment 7400.00 7193.00 7400.00 1988.00 Thousand [+]
Full Time Employment 22074.00 22241.00 22384.00 19397.00 Thousand [+]
Employment Rate 60.60 60.50 63.50 55.90 percent [+]
Labor Force Participation Rate 62.00 61.90 74.00 58.50 percent [+]
Youth Unemployment Rate 3.40 3.40 10.90 1.60 percent [+]
Productivity 102.10 102.00 120.40 68.30 Index Points [+]
Job Vacancies 978.21 980.59 1026.96 266.29 Thousand [+]
Wages 304414.00 302743.00 883791.00 52914.00 JPY/Month [+]
Wages in Manufacturing 334906.00 338951.00 868487.00 9785.00 JPY/Month [+]
Wage Growth 1.50 0.80 35.02 -7.10 percent [+]
Minimum Wages 848.00 823.00 848.00 713.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.30 5.50 1.00 1953 - 2018 percent Monthly
SA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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