Japan Unemployment Rate

Japan's unemployment rate edged up to 2.5% in March 2025, slightly above both February's figure and market expectations of 2.4%. The number of unemployed increased by 50 thousand to 1.73 million while employment declined by 80 thousand to 68.08 million. The labor force fell by 50 thousand to 69.81 million, and those detached from the labor force rose by 30 thousand to 39.94 million. The non-seasonally adjusted labor force participation rate increased to 63.3% in March from 62.8% in the same month a year earlier. Meanwhile, the jobs-to-applications ratio went up 1.26 from February's 5-month low of 1.24, slightly above consensus of 1.26.