Japan Jobless Rate Steady at 2.8% for 4th Month

The unemployment rate in Japan came in at 2.8 percent in September of 2017, the same as in the prior three months. The figure was in line with market consensus and remained at its lowest in 23 years. Meanwhile, the jobs-to-applicants ratio was at 1.52, unchanged from the previous period while market expected 1.53. It stayed at its highest level since February 1974.

Compared to the previous month, there were 1.88 million unemployed persons, 2 thousand more than in August. Employment declined by 15 thousand to 65.50 million, after rising by 20 thousand in a month earlier. The labour force fell by 13 thousand to 67.38 million while those detached from the labour force went up by 14 thousand to 43.65 million.

Among people aged 15 to 24 years old, the jobless rate increased to 5.1 percent from 4.8 percent in August.

A year earlier, unemployment was higher at 3.0 percent.

Japan Jobless Rate Steady at 2.8% for 4th Month

Statistics Japan l Rida Husna | rida@tradingeconomics.com
10/31/2017 2:22:13 AM