November 01,2019

Japan Job offers to applicant's ratio

Demand for labor in Japan seems to be cooling off.

Published monthly by the Ministry of Health, Labour and Welfare. Updated to the month of September 2019 (published on November 1st, 2019).

Recent data trend:

The job market in Japan seems to be passing through its cycle peak. The unemployment rate did fall to 2.2% in July 2019, the lowest since October 1992, but leading indicators such as new job offers to applicant ratio are indicating that the heat is starting to wear off. The new job offers to applicant ratio fell to 2.34, off from the recent high of 2.50 in February 2019. The breakdown of new job offers by industry shows that manufacturers have been reducing their new job offers since early 2...

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Brief overview of “Job offers to applicant ratio”

This statistic is one of the best indicators to monitor the demand/supply balance in the Japanese labor market. The data comes from Public Employment Security Office. Job referral has been highly regulated in Japan and the Office still plays a dominant role in job referral. For example, job seekers are required to register at the Office to be eligible for unemployment benefits. Aside from the main indicator, job offers to applicant ratio, the growth rate of new job offers is also considered as an important leading indicator for the labor market in Japan. Historically, we can observe an upward wage pressure to arise when the job offers to applicant ratio exceed one. The job offers to applicant ratio has been consistently below 1 since 1993 except for a brief period between 2006-2007. 

For more information, visit the official government page

Full-time vs Part-time workers 

Source: MHLW, JMA.

The Next Release Date: November 28th, 2019

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