Japan’s unemployment rate unexpectedly was at an 11-month low of 2.6 percent in March 2021, compared with market consensus and February's figure of 2.9 percent. The number of unemployed declined by 230 thousand from the previous month to 1.8 million and employment was down by 130 thousand to 66.94 million. The labor force dropped by 33 thousand to 68.65 million and those detached from the labor force rose 240 thousand to 41.81 million. The non-seasonally adjusted labor force participation rate edged down to 61.9 percent in March from 62.0 in the same month a year earlier. Meantime, the jobs-to-application ratio was at 1.1 in March, compared with consensus and February's reading of 1.09. A year earlier, the unemployment rate was at 2.5 percent. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2021, reaching an all time high of 5.50 percent in June of 2002 and a record low of 1 percent in November of 1968. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Unemployment Rate in Japan is expected to be 2.70 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 2.50 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.