Japan Unemployment Rate

Japan’s unemployment rate stood at 2.5% in November 2024, holding steady for the second consecutive month and matching market expectations. The number of unemployed edged up 10 thousand to 1.72 million while employment increased by 100 thousand to another record of 68.08 million. The labor force rose by 130 thousand to 69.80 million, and those detached from the labor force declined by 160 thousand to 40.04 million. The non-seasonally adjusted labor force participation rate increased to 63.5% in November from 63.1% in the same month a year earlier. Meanwhile, the jobs-to-applications ratio was at 1.25 in November, aligning with October's figure and remaining at its highest level in six months. It was also in line with consensus.