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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

November 29, 2019

In October 2019, Japan's seasonally adjusted unemployment rate remained unchanged at 2.4 per cent.  Over the last month, Japan's labour force and employment both increased at a pace of 0.4 per cent.  In the last year (compared to October 2018), Japanese labour force and employment both grew by 0.9 per cent. 

Japan's unemployment rate has remained in a range of 2.2 to 2.5 per cent since the beginning of 2018.  The last time that Japan's unemployment rate was at or below 2.5 per cent for this long was in 1992-1993.

Canada's unemployment rate has also been trending down since 2016 as employment gains outpaced labour force growth.  A similar trend of declining unemployment rates emerged in Nova Scotia in 2018 (albeit with more volatility), though unemployment rates have increased in recent months with a faster rise in labour supply.

Statistics Bureau of Japan, Statistics Canada.  Table  14-10-0287-01   Labour force characteristics, monthly, seasonally adjusted and trend-cycle

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