Japan’s unemployment rate fell to 2.5% in April 2022, lower than the 2.6% reported in March which was also the consensus forecast for April. This marked the lowest reading since March 2020. The number of unemployed dropped by 10.9% or 23 thousand to 1.88 million from a year ago, while those employed increased 0.4% or 24 thousand to 67.27 million. The non-seasonally adjusted labor force participation rate also stood at 62.6%. Meanwhile, the job availability ratio improved to 1.23 in April from 1.22 in the previous month, meaning there were 123 job openings for every 100 job seekers. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2022, 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 June of 2022.
Unemployment Rate in Japan is expected to be 2.50 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 2023, according to our econometric models.