Japan’s unemployment rate remained unchanged at 2.9 percent in December 2020, the lowest since July and compared with market consensus of 3.0 percent. The number of unemployed increased by 6 thousand from the previous month to 2.04 million in December. The non-seasonally adjusted labor force participation rate currently edged down to 62.0 percent from 62.3 in November. Meantime, the jobs-to-application ratio remained anchored at 1.06, the highest in five months. 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 February of 2021.
Unemployment Rate in Japan is expected to be 3.00 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 3.10 in 12 months time. In the long-term, the Japan Unemployment Rate is projected to trend around 3.20 percent in 2022, according to our econometric models.