The unemployment rate in Japan edged down to 2.8 percent in June 2020 compared to 2.9 percent in the prior month and market expectations of 3.1 percent. It was still the second-highest jobless rate since May 2017 and is higher than the 2.3 percent in the same month of the previous month. The number of unemployed declined by 1.5 percent to 1.94 million while employment edged up 0.1 percent to 66.37 million. The jobs-to-applicants ratio slumped to 1.11 in June from 1.20 in May, marking the lowest reading since October 2014.
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2020, 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 August of 2020. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan is expected to be 3.80 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 3.60 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 3.80 percent in 2021 and 3.20 percent in 2022, according to our econometric models.