Japan June Jobless Rate Rises to 2.4%

The unemployment rate in Japan rose to 2.4 percent in June of 2018 from 2.2 percent in the previous month and slightly above markets estimates of 2.3 percent. Meanwhile, the jobs-to-applicants ratio increased to 1.62 from 1.6 in May, beating expectations of 1.6 and reaching the highest figure since January 1974.

Compared to the preceding month, there were 1.66 million unemployed persons in June, 150 thousand more than in May. Employment fell by 410 thousand to 66.32 million, after a decrease of 200 thousand in a month earlier. The labour force decreased by 220 thousand to 67.99 million while those detached from the labour force went up 300 thousand to 43 million.

Among people aged 15 to 24 years old, the jobless rate increased to 3.8 percent from 3.4 percent in May.

A year earlier, unemployment was higher at 2.8 percent.

Japan June Jobless Rate Rises to 2.4%

Statistics Japan l Rida | rida@tradingeconomics.com
7/31/2018 11:29:48 AM