Japan Job offers to applicant's ratio

The new job offers to applicant ratio, a leading indicator for the labor market, increased to 2.22 in February from 2.04 in January 2020.

Published monthly by the Ministry of Health, Labour and Welfare. Updated to the month of February 2020 (published on March 31st, 2020).

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: April 28th, 2020

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