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.
For further details see:
Japan jobless rate unexpectedly rises to 2.7%