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Monthly unemployment rate in Japan June 2019
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Monthly unemployment rate in Japan June 2019
Japan: Unemployment rate from June 2018 to June 2019 (seasonally adjusted)
by H. Plecher,
last edited
Aug 9, 2019
At 2.3 percent in June 2019, Japan’s unemployment rate is very low. The fact that it has remained this low for a full year would concern most economists in any other country. However, since Japan has been fighting deflation for many years, the normal rationale does not apply.
Causes of unemployment
Unemployment can arise from an economic recession, when demand falls and firms lay off workers. It can also be the result of workers and firms not matching, such as there being too many lawyers and not enough doctors in an area. Finally, search unemployment refers to the time between a worker ending one job and starting another. Economists consider this to be efficient in most cases because it gives firms and workers the time to find the best match.
The Japanese context
Japan’s inflation rate has remained stubbornly low since the 1990s, sometimes even becoming negative - or deflation. This has caused firms to delay investment and consumers to delay major purchases, which has in turn led to low GDP growth. In most economies, this would lead to high inflation. However, given the decreasing population and thus the decreasing workforce, it is possible that firms are retaining workers due to labor scarcity. It is also possible that low unemployment is a product of high government spending or low workforce participation. In any event, this statistic underscores the unique situation of the Japanese economy.
Japan: Unemployment rate from June 2018 to June 2019 (seasonally adjusted)
| Months from June 2018 to June 2019 | Unemployment rate |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| Months from June 2018 to June 2019 | Unemployment rate |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
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by H. Plecher,
last edited
Aug 9, 2019
At 2.3 percent in June 2019, Japan’s unemployment rate is very low. The fact that it has remained this low for a full year would concern most economists in any other country. However, since Japan has been fighting deflation for many years, the normal rationale does not apply.
Causes of unemployment
Unemployment can arise from an economic recession, when demand falls and firms lay off workers. It can also be the result of workers and firms not matching, such as there being too many lawyers and not enough doctors in an area. Finally, search unemployment refers to the time between a worker ending one job and starting another. Economists consider this to be efficient in most cases because it gives firms and workers the time to find the best match.
The Japanese context
Japan’s inflation rate has remained stubbornly low since the 1990s, sometimes even becoming negative - or deflation. This has caused firms to delay investment and consumers to delay major purchases, which has in turn led to low GDP growth. In most economies, this would lead to high inflation. However, given the decreasing population and thus the decreasing workforce, it is possible that firms are retaining workers due to labor scarcity. It is also possible that low unemployment is a product of high government spending or low workforce participation. In any event, this statistic underscores the unique situation of the Japanese economy.
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- Release date
- July 2019
- Region
- Japan
- Survey time period
- June 2018 to June 2019
- Age group
- 15 years and older
- Special properties
- Seasonally adjusted
Source
- Show sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- July 2019
More information
- Region
- Japan
- Survey time period
- June 2018 to June 2019
- Age group
- 15 years and older
- Special properties
- Seasonally adjusted
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