Japan’s unemployment rate unexpectedly was at 2.6 percent in June 2022, the same as in the prior month and compared with market consensus of 2.5 percent. The number of unemployed was unchanged at 1.8 million while employment was up by 120 thousand to 67.36 million. The labor force increased by 120 thousand to 69.16 million and those detached from the labor force fell 150 thousand to 40.98 million. The non-seasonally adjusted labor force participation rate rose to 63.0 percent in June from 62.4 in the same month a year earlier. Meantime, the jobs-to-application ratio went up to a 26-month high of 1.27 in June from 1.24 in May and beating forecasts of 1.25. A year earlier, the unemployment rate was at 2.9 percent. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2022, 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 August of 2022.
Unemployment Rate in Japan is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Unemployment Rate is projected to trend around 2.50 percent in 2023, according to our econometric models.