Japan Jobless Rate Steady At 2.8% In March


The unemployment rate in Japan stood at 2.8 percent in March of 2017, the same as in a month earlier. The figure came slightly below market consensus of 2.9 percent and remained at its lowest level since June 1994. Meanwhile, the jobs-to-applicants ratio was 1.45, up from 1.43 in the previous three months and marking the highest level since November 1990.

Compared to the previous month, there were 1.84 million unemployed persons, 6 thousand less than in February. Employment increased 13 thousand to 64.96 million. Labour force rose 8 thousand to 66.79 million while those detached from the labour force went down by 11 thousand to 44.24 million.
Among people aged 15 to 24 years old, the jobless rate rose to 4.4 percent from 4.3 percent.
A year earlier, employment was at 3.2 percent.

Japan Jobless Rate Steady At 2.8% In March


Statistics Japan l Rida Husna | rida@tradingeconomics.com
4/28/2017 8:04:17 AM