March 1st,2019

Japan Job offers to applicant's ratio

New job offers per applicant highest ever.

Published monthly by the Ministry of Health, Labour and Welfare. Updated to the month of January 2019 (published on March 1st, 2018).

Recent data trend:

In May 2018, the unemployment rate in Japan fell to 2.2%, the lowest rate since August 1992. Japan is either at or very close to a full-employment economy where unemployment exists not from the lack of demand for labor but from the natural and unavoidable friction or mismatch in the demand and supply of labor. New job offers to applicant ratio, another key indicator in Japan to measure the tightness of the labor demand/supply was 2.34 in May, signifying that there are 2.34 new job postings ...

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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: March 29th, 2019

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