Japan Unemployment Rate

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.

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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

News

Japan Jobless Rate Falls to 4-Month Low of 2.3%
The unemployment rate in Japan decreased to a 4-month low of 2.3 percent in June 2019 from 2.4 percent in May and compared to market expectations of 2.4 percent. The jobs-to-applications ratio declined to 1.61 from 1.62 in the previous month and slightly below market consensus of 1.62.
Published on 2019-07-30

Japan Jobless Rate Unchanged at 2.4% in May
The seasonally adjusted unemployment rate in Japan stood at 2.4 percent in May 2019, unchanged from the previous month and in line with market estimates. Meanwhile, the jobs-to-applicants ratio inched lower to 1.62 in May from 1.62 in April and slightly below consensus of 1.63.
Published on 2019-06-28

Japan Jobless Rate Inches Lower to 2.4% in April
The seasonally adjusted unemployment rate in Japan edged down to 2.4 percent in April 2019 from 2.5 percent in the previous month and in line with market estimates. Meanwhile, the jobs-to-applicants ratio remained unchanged at a high level of 1.63 and also matching consesus.
Published on 2019-05-31

Japan March Jobless Rate Above Estimates
The seasonally adjusted unemployment rate in Japan increased to 2.5 percent in March 2019 from a five-month low of 2.3 percent in the previous month while markets had expected 2.4 percent. Meanwhile, the jobs-to-applicants ratio remained unchanged at a high level of 1.63 but below consensus of 1.64.
Published on 2019-04-26

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		[+]

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

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Country	Last		Previous	Range
South Africa	29.00	Jun/19	27.6	31.2 : 21.5	%
Spain	14.02	Jun/19	14.7	26.94 : 4.41	%
Turkey	13.00	Jun/19	12.8	14.8 : 7.3	%
Brazil	11.80	Jul/19	12	13.7 : 6.2	%
Argentina	10.60	Jun/19	10.1	20.8 : 5.9	%
Italy	9.90	Jul/19	9.8	13.1 : 5.8	%
France	8.50	Jun/19	8.7	10.7 : 7.2	%
Euro Area	7.50	Jul/19	7.5	12.1 : 7.3	%
India	6.00	Dec/18	5	8.3 : 3.53	%
Canada	5.70	Aug/19	5.7	13.1 : 2.9	%
Saudi Arabia	5.60	Jun/19	5.7	6.3 : 4.35	%
Australia	5.30	Aug/19	5.2	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.30	Aug/19	4.5	14.1 : 4.3	%
United Kingdom	3.80	Jul/19	3.9	12 : 3.4	%
Mexico	3.70	Jul/19	3.6	6.42 : 2.22	%
United States	3.70	Aug/19	3.7	10.8 : 2.5	%
China	3.61	Jun/19	3.67	4.3 : 3.61	%
Netherlands	3.50	Aug/19	3.4	7.9 : 3.3	%
South Korea	3.10	Aug/19	4	7.1 : 3	%
Germany	3.00	Jul/19	3.1	11.5 : 0.4	%
Japan	2.20	Jul/19	2.3	5.5 : 1	%
Singapore	2.20	Jun/19	2.2	6 : 1.4	%
Switzerland	2.10	Aug/19	2.1	5.7 : 1.5	%