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Main Indicator: Unemployment Rate
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 4.2% | 4.1% | 4.0% | N/A | ||
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For August
(s.a.)
The Japanese unemployment rate rose more than expected for the August period, coming in at 4.2% compared to July's 4%. Companies are cutting back staff as both domestic and foreign demand remain weak in the 3rd quarter. Sentiment among consumers is at very low levels, and manufacturing is struggling as evident by the Manufacturing PMI and the expected Tankan survey. To cope, households cut back on spending for the 6th straight month. |
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Table of Past Data
| 10/29 | 1/28 | 2/28 | 3/27 | 4/29 | 5/29 | 6/26 | 7/28 | 8/28 | 9/29 | ||
| Actual | 4.0% | 3.8% | 3.8% | 3.9% | 3.8% | 4.0% | 4.0% | 4.1% | 4.0% | 4.2% | |
| Forecast | 3.8% | 3.9% | 3.9% | 3.8% | 3.9% | 3.9% | 4.0% | 4.0% | 4.1% | 4.1% | |
| Previous | 3.8% | 3.8% | 3.8% | 3.8% | 3.9% | 3.8% | 4.0% | 4.0% | 4.1% | 4.0% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 4.0% | 4.1% | 4.1% | N/A | ||
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For July
(s.a.)
The unemployment rate in Japan notched down to 4.0% in July, surprising forecasts. The unemployment rate had climbed from 3.8% in March to 4.1% in June, as more members of the household entered the labor market to meet the higher cost of living, including higher prices for food and energy. The labor force participation rate declined 0.3% to 60.3%, which means some of the unsuccessful job seekers dropped out of the labor market. There was also job creation in the general service and medical/welfare service sectors. |
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Actual | Forecast | Previous | Revised Form | |
| 4.1% | 4.0% | 4.0% | N/A | ||
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For June
(s.a.)
The Japanese unemployment rate rose to 4.1%, surprising forecasts and reaching the highest level in 2 years. A weaker labor market has caused households to limit their spending a trend that has been apparent the last several months. Weaker consumer spending will hurt domestic demand just as foreign demand for Japanese exports hits a snag as a result of a global slowdown. Consumer confidence has been beaten down by high energy prices as well, which has been the main driver in higher inflation. The jobless rate increased as more woman entered the labor market or sought higher paying jobs to supplement household incomes which have been squeezed by higher prices. |
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Actual | Forecast | Previous | Revised Form | |
| 4.0% | 4.0% | 4.0% | N/A | ||
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For May
(s.a.)
Latest Release Provided by: Statistics Bureau |
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Actual | Forecast | Previous | Revised Form | |
| 4.0% | 3.9% | 3.8% | N/A | ||
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For April
(s.a.)
The Japanese unemployment rate rose to 4% for April, seasonally adjusted, an increase of 0.2% from March's 3.8%. The increase was higher than expected and shows that the job market loosened, with a decrease of 150,000 jobs compared to the same time last year. The number of unemployed is up 70,000 on the year, and the participation rate declined 0.1% to 60.7%. The unemployment rate is on the rise at the same time as household spending is decreasing and prices continue to rise. This is a worrisome combination for Japanese workers. Households need more income to pay for higher energy and food costs. With jobs harder to find, households are cutting back on spending. Global growth has slowed in the 2nd quarter which may impact the export and manufacturing industries. Companies, already pinched by eroding profits as a result of their own energy costs, may now see less business. Its shaping up to be quite a bad situation for the economy and growth in Japan is sure to slow in the 2nd quarter.
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Actual | Forecast | Previous | Revised Form | |
| 3.8% | 3.9% | 3.9% | N/A | ||
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For March
(s.a.)
Provided by: Statistics Bureau |
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Actual | Forecast | Previous | Revised Form | |
| 3.9% | 3.8% | 3.8% | N/A | ||
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For February
(s.a.)
Job-To-Applicant Ratio (Feb): 0.97, forecast 0.98, pr. 0.98 The Unemployment rate increased in Japan, notching up to 3.9%, missing forecasts of a stable 3.8%. With the global economy on shaky footing recently, a deterioration in the job market may cause consumers to spend less. This has borne out already in Household Spending y/y last month, which was flat missing estimates of a 2.5% rise. |
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Actual | Forecast | Previous | Revised Form | |
| 3.8% | 3.9% | 3.8% | N/A | ||
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For January
(s.a.)
The unemployment rate remained steady at 3.8%, as forecasts had called for it to notch up to 3.9%. The news, combined with several other end of month releases helped strengthen the Yen in the hour following the release.
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Actual | Forecast | Previous | Revised Form | |
| 3.8% | 3.9% | 3.8% | N/A | ||
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For December
Official Release from the Ministry of International Affairs and Communications. The unemployment rate did not increase according to forecasted. Instead employment was held steady by jobs added in the wholesale and retail sector, as well as the welfare service sector. Manufacturing employment declined for the fourth time in five months. Construction employment fell harderst after implementation of more rigorous building regulations last June. |
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Actual | Forecast | Previous | Revised Form | |
| 4.0% | 3.8% | 3.8% | N/A | ||
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For Sept. Job-To-Applicant Ratios: 1.05, forecast 1.06, pr. 1.06 |
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