Japan Jobless Rate at 20-Year Low

The seasonally adjusted jobless rate in Japan fell unexpectedly to 3.1 percent in October of 2015, down from 3.4 percent in the previous two months and beating market expectations. It was the lowest value since July of 1995, as the number of unemployed declined sharply, while employment rose.

A year earlier, the unemployment rate was higher at 3.5 percent.

The number of unemployed persons fell by 250 thousand or 10.7 percent from the previous year to 2.08 million. While the number of employed persons increased by 420 thousand or 0.7 percent year-on-year to 64.32 million.

The labour force participation rate increased by 0.2 p.p. to 59.9 percent from 59.7 percent in October last year.

The jobs-to-applicants ratio was 1.24 percent, the same as in August, remaining at the highest since January 1992.

Japan Jobless Rate at 20-Year Low

Statistics Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/27/2015 12:56:27 AM