Product Groups
Getting Started
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
Market Regulation Advisory Notices View All MRANs
Distributors
Intraday Data
Subscription Based Data
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
Consensus | Actual | Previous | |
Level | 3.0% | 3.0% | 3.0% |
Highlights
Japan's unemployment rate was steady at 3.0 in October, unchanged from its September level and matching the consensus forecast. This is the lowest rate since 1995. The unemployment rate has now been at 3.0 percent or 3.1 percent for the last five months, dropping from levels of 3.2 percent and 3.3 percent earlier in the year.
The number of employed persons in October was up 630,000 (1.0 percent) compared with the same month last year, while the number of unemployed persons has fallen by 130,000 (6.3 percent) over this period. Japan's participation rate eased from 60.5 in September (a seven-year high) to 60.4 in October.
Japan's labour market remains in good shape, with high levels of participation a particularly positive sign. Officials at the Bank of Japan have pointed to strength in the labour market as as one of the factors supporting their view that inflation will start to rise once the impact of lower oil prices fades.
Definition
The Unemployment Rate measures the number of unemployed as a percentage of the labor force. The unemployment rate is part of the Labour Force Survey which also includes employment data.
Description
The unemployment rate and employment change are carefully monitored. The employment data show the number employment along with the change in employment for the previous year. Monthly changes in employment also help clarify whether businesses are hiring. The unemployment rate is the percentage of the labor force that is unemployed. A lower jobless rate translates into more income earning workers and greater consumption. Increased spending is a positive for consumer oriented economic growth, something that has lagged in Japan.
By tracking the jobs data, investors can sense the degree of tightness in the job market. If wage inflation threatens, it's a good bet that interest rates will rise; bond and stock prices will fall. No doubt that the only investors in a good mood will be the ones who watched the employment report and adjusted their portfolios to anticipate these events.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
CME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
© 2019 CME Group Inc. All rights reserved.
Careers | Site Map | Disclaimer | Privacy Policy | Cookie Policy | Terms of Use | Modern Slavery Act Transparency Statement