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March 31, 2020JAPAN LABOUR FORCE SURVEY, FEBRUARY 2020
In February 2020, Japan's seasonally adjusted unemployment rate was steady at 2.4 per cent. Over the last month, Japan's labour force and increased 0.1 per cent while employment increased 0.04 per cent. In the last year (compared to February 2019), Japanese labour force grew by 0.5 per cent and employment grew by 0.5 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 1991-1993.
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).
Statistics Bureau of Japan, Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle
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