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

March 31, 2023

Japan's seasonally adjusted unemployment rate increased 0.2 percentage points from the previous month to 2.6% in February 2023. Compared with the previous month, Japan's labour force declined 0.3% with employment down 0.4% in February. 

Japan experienced only a modest rise in unemployment rates during the COVID economic shock.  These effects have abated and Japan's unemployment rate has returned close to pre-pandemic levels.  However, Japan's labour force and employment growth have largely stalled.  In contrast, Canada and Nova Scotia now have employment and labour force that exceed pre-pandemic levels despite the much larger declines observed in each variable during the first wave of the pandemic. 

Sources: Statistics Bureau of Japan. Table: a-1 (Seasonally adjusted) Major items (Labour force, Employed person, Employee, Unemployed person, Not in labour force, Unemployment rate (since Jan.1953)Population aged 15 years old and over by labour force status (annual average figures - Results of whole Japan); Statistics Canada.  Table  14-10-0287-01   Labour force characteristics, monthly, seasonally adjusted and trend-cycle

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