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

September 29, 2023

Japan's seasonally adjusted unemployment rate remained unchaged from July to August 2023 at 2.7%. Compared with the previous month, Japan's labour force grew slightly (+0.07%) with employment up 0.1% in August. 

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. Nova Scotia's employment and laborforce have declined in the past month compared to the national average. 

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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