JEQ - Japan jobless rate below estimates dropped to 2.6% in April

2023-05-30 00:52:42 ET

• Japan’s unemployment rate dropped to 2.6% in April 2023 from March's 14-month high of 2.8%, less than market forecasts of 2.7%.

• The number of unemployed decreased by 150 thousand to 1.80 million; while employment rose by 130 thousand to 67.44 million.

• The labor force fell by 20 thousand to 69.26 million while those detached from the labor force increased by 110 thousand to 40.88 million.

• The non-seasonally adjusted labor force participation rate went up to 62.9% in April from 66.2% in the same month the previous year.

• A year earlier, the unemployment rate was at 2.5%.

• Meanwhile, the jobs-to-applications ratio stayed at a seven-month low of 1.32 in April.

• ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ).

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