Japan’s unemployment rate unexpectedly was at 2.9 percent in November 2020, the lowest since July, compared with market consensus and October's figure of 3.1 percent. The number of unemployed declined by 160 thousand from the previous month to 1.98 million in November, while employment increased by 430 thousand to 67.01 million. The non-seasonally adjusted labor force participation rate currently edged down to 62.3 percent from 62.4 in October. Meantime, the jobs-to-application ratio rose to 1.06, the highest in four months, from 1.04 in the previous month. A year earlier, the unemployment rate was at 2.2 percent. source: Ministry of Internal Affairs & Communications
Unemployment Rate in Japan averaged 2.72 percent from 1953 until 2020, 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 December of 2020.
Unemployment Rate in Japan is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Japan to stand at 3.00 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 3.10 percent in 2021 and 3.20 percent in 2022, according to our econometric models.