Japan Jobless Rate Still at 26-Year Low

The unemployment rate in Japan remained unchanged at 2.2 percent in August 2019, the lowest since October 1992 and below market expectations of 2.3 percent. The jobs-to-applications ratio also remained steady at 1.59, the lowest since March 2018 but above market expectations of 1.58.

The number of unemployed was unchangd at 1.54 million in August, while employment grew by 190 thousand to 67.35 million. The labor force rose 180 thousand to 68.89 million and those detached from the labor force decreased 160 thousand to 41.97 million. 

The non-seasonally adjusted labor force participation rate currently stands at 62.3 percent, compard to 61.7 percent in August 2018.

A year earlier, the unemployment rate was higher at 2.4 percent.

Japan Jobless Rate Still at 26-Year Low

Mario | mario@tradingeconomics.com
10/1/2019 1:19:56 PM