JEQ - Japan jobless rate unexpectedly rises to 2.7%
2023-08-29 01:47:11 ET
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The jobless rate increased to 2.7% in July 2023 from 2.5% in June and rose for the first time in four months in July, in a slightly negative signal for both the Bank of Japan and the government.
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The number of unemployed rose by 110 thousand to 1.84 million in July from the previous month, while employment dropped by 100 thousand to 67.45 million.
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The labor force increased by 20 thousand to 69.29 million, while those detached from the labor force went down by 40 thousand to 40.94 million.
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Meanwhile, the jobs-to-applications ratio ticked lower to 1.29 in July from 1.3 in June, pointing to the lowest reading since July 2022.
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The jobless rate increased to 2.7% in July 2023 from 2.5% in June and rose for the first time in four months in July, in a slightly negative signal for both the Bank of Japan and the government.
-
The number of unemployed rose by 110 thousand to 1.84 million in July from the previous month, while employment dropped by 100 thousand to 67.45 million.
-
The labor force increased by 20 thousand to 69.29 million, while those detached from the labor force went down by 40 thousand to 40.94 million.
-
Meanwhile, the jobs-to-applications ratio ticked lower to 1.29 in July from 1.3 in June, pointing to the lowest reading since July 2022.
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Japan jobless rate unexpectedly rises to 2.7%