Japan’s Unemployment Stays at 3.8% in May, at Nine Year Low

June 29, 2007
By Ken Worsley

Earlier today, the Statistics Bureau released it’s monthly Labor Force Survey, which showed Japan’s unemployment rate unchanged at 3.8% in May, holding at a nine year low.

According to the report, in May 64.99 million people were employed in Japan, an increase of 510,000 from the same moth last year. On the other hand, 2.58 million people were classified as unemployed in May, for a decrease of 190,000 from May 2006.

Looking into the data, one sees that the number of men wishing to change their current job was at its lowest level since January of this year, while the number of women expressing a desire to find new employment was at an all-time high. Both the numbers of men and women wishing to find an additional job increased in May from April. Compared to May of last year, the number of both men (+3%) and women (+13%) wishing to change jobs has increased, the number of men wishing for an additional job has decreased 8 percent, and the number of women wishing for an additional job remains unchanged.

Filed Under Economic Reports, Employment, Labor and Wages