Japan Jobless Rate Steady at 3.3%

The seasonally adjusted jobless rate in Japan was recorded at 3.3 percent in December of 2015, unchanged from the November rate and matching market expectations. The jobs-to-applicants ratio hit its highest level in 24 years.

A year earlier, the unemployment rate was higher at 3.4 percent.

The number of unemployed persons decreased by 60 thousand or 2.9 percent to 2.04 million from the previous year. While the number of employed persons increased by 280 thousand or 0.4 percent compared to December 2014 to 63.85 million.

The labour force participation rate increased by 0.2 p.p. to 59.5 percent from 59.3 percent in December last year.

The jobs-to-applicants ratio was 1.27 percent, up from 1.25 in November, hitting its highest level in 24 years.

Japan Jobless Rate Steady at 3.3%

Statistics Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/28/2016 11:58:01 PM