Japan Jobless Rate Falls to More than 21 Year-Low

The seasonally adjusted jobless rate in Japan dropped to 3.0 percent in July of 2016 from 3.1 percent in June. It was the lowest jobless rate since May 1995, while market expected 3.1 percent. The jobs-to-applicants ratio came in at 1.37 in July, unchanged from the previous month and slightly below consensus.

A year earlier, the unemployment rate stood at 3.3 percent.

In July 2016, the number of unemployed persons were 2.03 million, a decrease of 190 thousand (-8.6 percent from a year earlier). The number of employed persons were 64.79 million, an increase of 980 thousand (+1.5 percent from the previous year).

The labour force  rate grew 1.2 percent from a year earlier to 66.82 million and population aged 15 and over was flat at 110.81 million.

The labour force participation rate increased by 0.7 percentage points to 60.3 percent from 59.6 percent in July 2015.

Japan Jobless Rate Falls to More than 21 Year-Low

Statistics Japan l Rida Husna | rida@tradingeconomics.com
8/30/2016 1:12:09 AM