Japan’s unemployment rate inched up to 3.1 percent in October from 3.0 percent in the previous month, up from 2.4 percent in the same month of the previous year. The print matched expectations and was the highest since May 2017. The number of employed persons increased by 30 thousand to 66.58 million, while the number of unemployed increased by 80 thousand to 21.4 million. Meanwhile, the jobs-to-application ratio inched up to 1.04 from 1.03 in the previous month, surpassing consensus of also 1.03. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2020, 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 December of 2020.
Unemployment Rate in Japan is expected to be 3.00 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 3.00 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 3.10 percent in 2021 and 3.20 percent in 2022, according to our econometric models.