Japan March Jobless Rate Above Estimates

The seasonally adjusted unemployment rate in Japan increased to 2.5 percent in March 2019 from a five-month low of 2.3 percent in the previous month while markets had expected 2.4 percent. Meanwhile, the jobs-to-applicants ratio remained unchanged at a high level of 1.63 but below consensus of 1.64.

The number of unemployed rose 140 thousand from a month earlier to 1.70 million in March, and employment grew by 180 thousand to 67.32 million. The labor force went up 330 thousand to 69.06 million and those detached from the labor force fell 320 thousand to 41.82 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 3.6 percent in March from 3.4 percent in February. This was the highest reading since August last year when the rate was at 4.1 percent.

A year earlier, the unemployment rate was also at 2.5 percent.

Japan March Jobless Rate Above Estimates

Statistics Japan l Rida Husna | rida@tradingeconomics.com
4/26/2019 12:53:42 AM