Japan’s unemployment rate unexpectedly was at 2.8 percent in July 2021, compared with market consensus and June's figure of 2.9 percent. This was the lowest jobless rate in three months, as the number of unemployed declined by 120 thousand from the previous month to 1.90 million while employment was up by 420 thousand to 67.08 million. The labor force increased by 280 thousand to 68.99 million and those detached from the labor force dropped 310 thousand to 41.34 million. The non-seasonally adjusted labor force participation rate rose to 62.5 percent in July from 61.8 in the same month a year earlier. Meantime, the jobs-to-application ratio rose to a 14 month- high of 1.15 in July from 1.13 in the prior month and compared with forecasts of 1.12. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2021, 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 September of 2021.
Unemployment Rate in Japan is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Unemployment Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.