Japan’s unemployment rate unexpectedly was at 2.6 percent in May 2022, compared with market consensus and April's figure of 2.5 percent. The number of unemployed went up by 40 thousand from the previous month to 1.8 million and employment was down by 140 thousand to 67.24 million. The labor force dropped by 140 thousand to 69.04 million and those detached from the labor force fell 40 thousand to 41.13 million. The non-seasonally adjusted labor force participation rate increased to 62.7 percent in May from 62.5 in the same month a year earlier. Meantime, the jobs-to-application ratio edged up to a 25-month high of 1.24 in May from 1.23 in April and matching forecasts. A year earlier, the unemployment rate was at 3.0 percent. 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 July 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.