Japan Unemployment Rate Up To 3.1% In November

The seasonally adjusted jobless rate in Japan rose to 3.1 percent in November of 2016, from 3 percent in the previous month and above market expectations of 3 percent. The jobs-to-applicants ratio increased to 1.41 percent from 1.4 percent, hitting a new high since July 1991.

Compared to the previous month, there were 2.05 million unemployed persons, higher than 1.97 October; employment declined by 110 thousand to 64.44 million and labour force also fell by 3 thousand to 66.51 million. Those detached from the labour force remained mostly unchanged at 44 million.

Among people aged 15 to 24 years old, the jobless rate fell to 4.3 percent from 5.1 percent.

A year earlier, unemployment was higher at 3.3 percent.

Japan Unemployment Rate Up To 3.1% In November

Statistics Japan l Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/27/2016 12:22:38 AM