Japan’s unemployment rate unexpectedly increased to 2.7% in July 2023 from 2.5% in June, defying market forecasts for no change. This was the highest jobless rate in four months, as the number of unemployed rose by 110 thousand to 1.84 million in July from the previous month, while employment dropped by 100 thousand to 67.45 million. The labor force increased by 20 thousand to 69.29 million while those detached from the labor force went down by 40 thousand to 40.94 million. The non-seasonally adjusted labor force participation rate remained at 63.1% in July. Meanwhile, the jobs-to-applications ratio ticked lower to 1.29 in July from 1.3 in June, pointing to the lowest reading since July 2022. source: Ministry of Internal Affairs & Communications

Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2023, reaching an all time high of 5.50 percent in June of 2002 and a record low of 1.00 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 2023.

Unemployment Rate in Japan is expected to be 2.60 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 2.60 percent in 2024 and 2.70 percent in 2025, according to our econometric models.

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Japan Unemployment Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-31 11:30 PM Jun 2.5% 2.6% 2.5% 2.6%
2023-08-28 11:30 PM Jul 2.7% 2.5% 2.5% 2.5%
2023-09-28 11:30 PM Aug


Related Last Previous Unit Reference
Unemployment Rate 2.70 2.50 percent Jul 2023
Employment Rate 61.50 61.20 percent Jun 2023
Labor Force Participation Rate 63.10 62.90 percent Jun 2023
Youth Unemployment Rate 4.20 3.70 percent Jun 2023
Jobs To Applications Ratio 1.29 1.30 Jul 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.50 5.50 1.00 1953 - 2023 percent Monthly
SA

News Stream
Japan Jobless Rate Unexpectedly Rises to 2.7%
Japan’s unemployment rate unexpectedly increased to 2.7% in July 2023 from 2.5% in June, defying market forecasts for no change. This was the highest jobless rate in four months, as the number of unemployed rose by 110 thousand to 1.84 million in July from the previous month, while employment dropped by 100 thousand to 67.45 million. The labor force increased by 20 thousand to 69.29 million while those detached from the labor force went down by 40 thousand to 40.94 million. The non-seasonally adjusted labor force participation rate remained at 63.1% in July. Meanwhile, the jobs-to-applications ratio ticked lower to 1.29 in July from 1.3 in June, pointing to the lowest reading since July 2022.
2023-08-28
Japan Jobless Rate Inches Down to 2.5%
Japan’s unemployment rate edged lower to 2.5 percent in June 2023 from 2.6 percent in the prior month, matching market forecasts. This was the lowest jobless rate since January, as the number of unemployed fell by 40 thousand to 1.73 million, while employment grew by 190 thousand to 67.55 million. The labor force increased by 140 thousand to 69.27 million while those detached from the labor force went down by 60 thousand to 40.98 million. The non-seasonally adjusted labor force participation rate was up to 63.1 percent in June from 63.0 percent in the same month the previous year. A year earlier, the unemployment rate was at 2.6 percent. Meanwhile, the jobs-to-applications ratio ticked lower to 1.30 in June from 1.31 in May, pointing to the lowest level since July 2022.
2023-07-31
Japan Jobless Rate Unchanged at 2.6%
Japan’s unemployment rate stood at 2.6 percent in May 2023, the same as in the prior month and in line with market forecasts. The number of unemployed decreased by 30 thousand to 1.77 million, and employment fell by 80 thousand to 67.36 million. The labor force dropped by 130 thousand to 69.13 million while those detached from the labor force increased by 160 thousand to 41.04 million. The non-seasonally adjusted labor force participation rate went up to 62.9 percent in April from 62.7 percent in the same month the previous year. A year earlier, the unemployment rate was also at 2.6 percent. Meanwhile, the jobs-to-applications ratio stayed edged down to 1.31 in May from 1.32 in April, pointing to the lowest level since July 2022.
2023-06-29