Japan Unemployment Rate

Japan’s unemployment was at 2.6% in February 2024, compared with market forecasts and January's figure of 2.4%. It was the highest level since last September, as the number of unemployed increased by 120 thousand to 1.82 million and employment gained 220 thousand to 67.83 million. The labor force rose by 310 thousand to 69.66 million while those detached from the labor force fell by 240 thousand to 40.28 million. The non-seasonally adjusted labor force participation rate was up to 62.8% in February from 62.1% in the same month a year earlier. Meanwhile, the jobs-to-applications edged down to 1.26 in February, the lowest level since May 2022.