Japan Jobless Rate Lowest Since June 1994

The jobless rate in Japan declined to 2.8 percent in February of 2017 from 3.0 percent in January and below market expectations of 3.0 percent. It was the lowest inflation figure since June 1994. The jobs-to-applicants ratio was 1.43, the same as in the previous two months and remaining at the highest since July 1991.

Compared to the previous month, there were 1.90 million unemployed persons, 8 thousand less than in January. Employment fell 21 thousand to 64.83 million. Labour force declined by 31 thousand to 66.71 million while those detached from the labour force went up by 31 thousand to 44.35 million.

Among people aged 15 to 24 years old, the jobless rate fell to 4.3 percent from 4.4 percent.

A year earlier, employment stood at 3.2 percent.

Japan Jobless Rate Lowest Since June 1994

Statistics Japan l Rida Husna | rida@tradingeconomics.com
3/31/2017 2:24:10 AM