Japan Jobless Rate Edges Down to 2.4% in December

The unemployment rate in Japan inched lower to 2.4 percent in December 2018 from 2.5 percent in the previous month and matching market expectations. Meanwhile, the jobs-to-applicants ratio remained unchanged at 1.63 and in line with consensus.

The number of unemployed declined by 60 thousand from a month earlier to 1.67 million in December, and employment fell 450 thousand to 66.68 million. The labor force dropped 510 thousand to 68.37 million and those detached from the labor force increased 460 thousand to 42.51 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 3.3 percent in December from 3.5 percent in November.

A year earlier, the unemployment rate was higher at 2.7 percent.

Japan Jobless Rate Edges Down to 2.4% in December

Statistics Japan | Rida Husna | rida@tradingeconomics.com
2/1/2019 11:09:57 AM