December 27,2019

Japan Job offers to applicant's ratio

Labor market marginally cools off due to manufacturers' woe.

Published monthly by the Ministry of Health, Labour and Welfare. Updated to the month of November 2019 (published on December 27th, 2019).

Recent data trend:

The job market in Japan seems to be passing through its cycle peak. The unemployment rate in November 2019 fell to 2.2%. The rate has been in a very narrow range between 2.2% and 2.5% in the last 2 years. In the last few months, we see a sign that employers in Japan are becoming marginally less enthusiastic about adding to their workforce. We see a moderate downward trend in the number of new job offers, a drop by nearly 10% in the last 6 months. By industry, manufacturers are definitely le...

To read more, please become a our Standard subscriber.

Start a subscription with 30-days Free Trial

If you are already a JMA subscriber please

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: January 31st, 2020

Suggested Pages

Japan Gross Domestic Product

According to the Cabinet Office's preliminary estimate published on May 27, the Japanese economy grew by 0.5% quarter on quarter (QoQ) in the January-March quarter. The result was a positive surprise. According to Bloomberg's survey, economists were looking for -0.1% QoQ on average.

View Page

Commercial Property Price

In the April-June quarter of 2019, Commerical Property Price Index fell by 1.1% year on year (YoY). Commercial property prices in Japan has been enjoying a steady rising trend in the past 6 years, wi

View Page