Japan Jobless Rate Steady at 2.5% in March

The unemployment rate in Japan stood at 2.5 percent in March of 2018, the same as in the prior month and matching market estimates. Meanwhile, the jobs-to-applicants ratio edged up to 1.59 from 1.58 in the preceding month and in line with consensus.

Compared to the previous month, there were 1.73 million unemployed persons, 40 thousand more than in February. Employment increased by 480 thousand to 66.94 million, after an increase of 510 thousand in a month earlier. The labour force rose by 530 thousand to 68.67 million while those detached from the labour force dropped by 550 thousand to 42.29 million.

Among people aged 15 to 24 years old, the jobless rate fell  to 3.8 percent from 4.2 percent in February.

A year earlier, unemployment was higher at 2.8 percent.

Japan Jobless Rate Steady at 2.5% in March

Statistics Japan l Rida Husna | rida@tradingeconomics.com
4/26/2018 11:43:17 PM