Japan Jobless Rate Edges Up to 2.5% in February

The unemployment rate in Japan rose slightly to 2.5 percent in February of 2018 from 2.4 percent in the prior month while markets estimated 2.6 percent. Meanwhile, the jobs-to-applicants ratio unexpectedly slipped to 1.58 from 1.59 in the preceding month and missing consensus of 1.6.

Compared to the previous month, there were 1.69 million unemployed persons, 90 thousand more than in January. Employment increased by 510 thousand to 66.46 million, after an increase of 420 thousand in a month earlier. The labour force rose by 600 thousand to 68.14 million while those detached from the labour force dropped by 570 thousand to 42.84 million.

Among people aged 15 to 24 years old, the jobless rate increased markedly to 4.2 percent from 3.3 percent in January.

A year earlier, unemployment was higher at 2.9 percent.

 Japan Jobless Rate Edges Up to 2.5% in February

Statistics Japan l Rida Husna | rida@tradingeconomics.com
3/30/2018 1:31:12 AM