Japan Jobless Rate Falls to 4-Month Low of 2.3%


The unemployment rate in Japan decreased to a 4-month low of 2.3 percent in June 2019 from 2.4 percent in May and compared to market expectations of 2.4 percent. The jobs-to-applications ratio declined to 1.61 from 1.62 in the previous month and slightly below market consensus of 1.62.

The number of unemployed fell 60 thousand from a month earlier to 1.61 million in June, while employment grew by 70 thousand to 67.01 million. The labor force rose 30 thousand to 68.62 million and those detached from the labor force decreased 80 thousand to 42.16 million.
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 3.8 percent in June. 
A year earlier, the unemployment rate was a bit higher at 2.4 percent.

Japan Jobless Rate Falls to 4-Month Low of 2.3%


Statistics Japan l Rida Husna | rida@tradingeconomics.com
7/30/2019 8:41:21 AM