Japan Jobless Rate Inches Lower to 2.4% in April

The seasonally adjusted unemployment rate in Japan edged down to 2.4 percent in April 2019 from 2.5 percent in the previous month and in line with market estimates. Meanwhile, the jobs-to-applicants ratio remained unchanged at a high level of 1.63 and also matching consesus.

The number of unemployed fell 60 thousand from a month earlier to 1.68 million in April, and employment dropped by 300 thousand to 67.02 million. The labor force went declined 380 thousand to 68.08 million and those detached from the labor force increased 360 thousand to 42.18 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 3.9 percent in April from 3.6 percent in March. 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 Jobless Rate Inches Lower to 2.4% in April

Statistics Japan l Rida Husna | rida@tradingeconomics.com
5/31/2019 4:18:21 AM