Japan Unemployment Rate

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.

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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

Recent Releases

Japan Jobless Rate Falls to 4-Month Low
The unemployment rate in Japan edged down to 2.3 percent in September of 2018 from 2.4 percent in the previous month and slightly below market expectations of 2.4 percent. It was the lowest jobless rate since May. Meanwhile, the jobs-to-applicants ratio inched higher to 1.64 from 1.63 in September and was the the highest since January 1974.
Published on 2018-10-30

Japan Jobless Rate Below Forecasts in August
The unemployment rate in Japan edged down to 2.4 percent in August of 2018 from 2.5 percent in the previous month and slightly below market expectations of 2.5 percent. Meanwhile, the jobs-to-applicants ratio stood at 1.63, the same as in July and the highest since January 1974.
Published on 2018-09-28

Japan Jobless Rate Rises to 3-Month High in July
The unemployment rate in Japan edged up to 2.5 percent in July of 2018 from 2.4 percent in the previous month and slightly above market estimates of 2.4 percent. It was the highest jobless rate since April. Meanwhile, the jobs-to-applicants ratio inched higher to 1.63 from 1.62 in June while markets had expected an unchanged figure of 1.62. It marked the highest level since January 1974.
Published on 2018-08-31

Japan June Jobless Rate Rises to 2.4%
The unemployment rate in Japan rose to 2.4 percent in June of 2018 from 2.2 percent in the previous month and slightly above markets estimates of 2.3 percent. Meanwhile, the jobs-to-applicants ratio increased to 1.62 from 1.6 in May, beating expectations of 1.6 and reaching the highest figure since January 1974.
Published on 2018-07-31

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		[+]

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

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Country	Last		Previous	Range
South Africa	27.50	Sep/18	27.2	31.2 : 21.5	%
Spain	14.55	Sep/18	15.28	26.94 : 4.41	%
Brazil	11.70	Oct/18	11.9	13.7 : 6.2	%
Turkey	11.10	Aug/18	10.8	14.8 : 7.3	%
Italy	10.60	Oct/18	10.3	13.1 : 5.8	%
Argentina	9.60	Jun/18	9.1	20.8 : 5.9	%
France	9.10	Sep/18	9.1	10.7 : 7.2	%
Euro Area	8.10	Oct/18	8.1	12.1 : 7.3	%
Saudi Arabia	6.00	Jun/18	6.1	6.3 : 4.35	%
Canada	5.60	Nov/18	5.8	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.00	Oct/18	5	11.2 : 4	%
Russia	4.70	Oct/18	4.5	14.1 : 4.5	%
United Kingdom	4.10	Oct/18	4.1	12 : 3.4	%
South Korea	3.90	Oct/18	4.2	7.1 : 3	%
China	3.82	Sep/18	3.83	4.3 : 3.82	%
Netherlands	3.70	Oct/18	3.7	7.9 : 3.6	%
United States	3.70	Nov/18	3.7	10.8 : 2.5	%
India	3.52	Dec/17	3.51	8.3 : 3.41	%
Germany	3.30	Oct/18	3.4	11.5 : 0.4	%
Mexico	3.20	Oct/18	3.6	6.42 : 2.22	%
Switzerland	2.50	Nov/18	2.4	5.7 : 1.5	%
Japan	2.40	Oct/18	2.3	5.5 : 1	%
Singapore	2.10	Sep/18	2	6 : 1.4	%