July 30,2019

Japan Job offers to applicant's ratio

Job remain plentiful in Japan

Published monthly by the Ministry of Health, Labour and Welfare. Updated to the month of June 2019 (published on July 30th, 2019).

Recent data trend:

In February 2019, the unemployment rate in Japan fell back to 2.3%, matching the recent low it reached in May 2018. 2.3% is the lowest level in Japan since January 1993. Despite the recent sign of a slowdown in the global and the Japanese economy, there is yet no sign that any adverse effects have touched the labor market in Japan. The labor market must be near or at full-employment. We do see some sign that the heat in the labor market is exerting an upward wage pressure. There is a clear ...

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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: August 30th, 2019

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