The seasonally adjusted unemployment rate in Japan declined to 2.4 percent in April 2019, after climbing 20 bps to 2.5 percent in the previous month and matching market expectations. Meanwhile, the jobs-to-applicants ratio remained unchanged at a high level of 1.63 to also match expectations. Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2019, reaching an all time high of 5.50 percent in June of 2002 and a record low of 1 percent in November of 1968.

Unemployment Rate in Japan is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Japan to stand at 2.60 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Japan Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 11:30 PM Unemployment Rate 2.5% 2.4% 2.4% 2.4%
2019-03-28 11:30 PM Unemployment Rate 2.3% 2.5% 2.5% 2.50%
2019-04-25 11:30 PM Unemployment Rate 2.5% 2.3% 2.4% 2.4%
2019-05-30 11:30 PM Unemployment Rate 2.4% 2.5% 2.4% 2.5%
2019-06-27 11:30 PM Unemployment Rate 2.4% 2.4% 2.4%
2019-07-29 11:30 PM Unemployment Rate 2.3%
2019-08-29 11:30 PM Unemployment Rate 2.40%



Japan Jobless Rate Inches Lower to 2.4% in April

The seasonally adjusted unemployment rate in Japan edged down to 2.4 percent in April 2019 from 2.5 percent in the previous month and in line with market estimates. Meanwhile, the jobs-to-applicants ratio remained unchanged at a high level of 1.63 and also matching consesus.

The number of unemployed fell 60 thousand from a month earlier to 1.68 million in April, and employment dropped by 300 thousand to 67.02 million. The labor force went declined 380 thousand to 68.08 million and those detached from the labor force increased 360 thousand to 42.18 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 3.9 percent in April from 3.6 percent in March. This was the highest reading since August last year when the rate was at 4.1 percent.

A year earlier, the unemployment rate was also at 2.5 percent.


Statistics Japan l Rida Husna | rida@tradingeconomics.com
5/31/2019 4:18:21 AM



Japan Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.40 2.50 5.50 1.00 percent [+]
Employed Persons 67020.00 67320.00 67320.00 38370.00 Thousand [+]
Unemployed Persons 1680.00 1740.00 3680.00 490.00 Thousand [+]
Part Time Employment 7392.00 7362.00 7413.00 1988.00 Thousand [+]
Full Time Employment 22202.00 21587.00 22384.00 19397.00 Thousand [+]
Employment Rate 60.50 60.30 63.50 55.90 percent [+]
Labor Force Participation Rate 62.10 61.90 74.00 58.50 percent [+]
Youth Unemployment Rate 3.90 3.60 10.90 1.60 percent [+]
Productivity 110.60 98.10 120.40 68.30 Index Points [+]
Job Vacancies 969.91 957.24 1026.96 266.29 Thousand [+]
Wages 312362.00 316506.00 883791.00 52914.00 JPY/Month [+]
Wages in Manufacturing 342743.00 355502.00 868487.00 9785.00 JPY/Month [+]
Wage Growth -0.10 -1.30 35.02 -7.10 percent [+]
Minimum Wages 874.00 848.00 874.00 663.00 JPY/Hour [+]
Population 126.71 126.93 128.06 83.20 Million [+]
Retirement Age Women 62.00 62.00 62.00 60.00 [+]
Retirement Age Men 62.00 62.00 62.00 60.00 [+]


Japan Unemployment Rate

In Japan, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Japan Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.50 5.50 1.00 1953 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.10 Mar/19
Brazil 12.50 Apr/19
Italy 10.20 Apr/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.60 Apr/19
Saudi Arabia 6.00 Dec/18
Canada 5.40 May/19
Australia 5.20 May/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.00 May/19
United Kingdom 3.80 Apr/19
China 3.67 Mar/19
United States 3.60 May/19
India 3.53 Dec/18
Mexico 3.50 Apr/19
Netherlands 3.30 Apr/19
Germany 3.20 Apr/19
Japan 2.40 Apr/19
Switzerland 2.30 May/19
Singapore 2.20 Mar/19


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