Japan Jobless Rate Falls to 4-Month Low

The unemployment rate in Japan edged down to 2.3 percent in September of 2018 from 2.4 percent in the previous month and slightly below market expectations of 2.4 percent. It was the lowest jobless rate since May. Meanwhile, the jobs-to-applicants ratio inched higher to 1.64 from 1.63 in September and was the the highest since January 1974.

The number of unemployed declined by 70 thousand from a month earlier to 1.6 million in September, while employment increased by 30 thousand to 66.65 million. The labour force declined by 40 thousand to 68.25 million and those detached from the labour force went up 50 thousand to 42.64 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, dropped to 3.4 percent in September from 4.1 percent in the previous month.

A year earlier, the unemployment rate was higher at 2.8 percent.

Japan Jobless Rate Falls to 4-Month Low

Statistics Japan | Rida | rida@tradingeconomics.com
10/30/2018 2:05:52 PM