Japan employment statistics for June 2019
- Jobless rate 2.3% versus 2.4% estimate. The rate equals the lowest level since 1993.
- Job-to-applicant ratio 1.61 versus 1.62 estimate. 1.62 last month
- new applicants ratio 2.36 versus 2.43 last month
- total applicants +0.5% versus +1.1% last month
- job offers, -0.7% versus +0.7% last month
- new applicants, -0.8% versus +6.2% last month
- new job offers -3.7% versus +4.2% last month
There is limited initial reaction to the data. Below is a chart outlining the fall in the unemployment rate and the rise in the jobs-to-applications ratio. Despite the dip in the jobs to applicants ratio, the employment sector remains at tight levels in Japan.
