Japan’s unemployment rate fell to a 1-year low of 2.6% in March 2022, lower than the 2.7% reported in February which was also the consensus forecast for March. The number of unemployed dropped by 4.8% or 90 thousand to 1.8 million, while those employed declined slightly by 0.2% or 110 thousand to 66.84 million. The non-seasonally adjusted labor force participation rate also stood at 62.1%. Meanwhile, the jobs-to-application ratio was at a near 2-year high of 1.22 in March, in line with market expectations and rising 0.01 point from the previous month. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2022, reaching an all time high of 5.50 percent in June of 2002 and a record low of 1 percent in November of 1968. This page provides the latest reported value for – Japan Unemployment Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Unemployment Rate – data, historical chart, forecasts and calendar of releases – was last updated on May of 2022.
Unemployment Rate in Japan is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Unemployment Rate is projected to trend around 2.50 percent in 2023, according to our econometric models.
