Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Japan
Annual, Not Seasonally Adjusted
LRUN24TTJPA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.98
Year-over-Year Change
-51.08%
Date Range
1/1/1968 - 1/1/2024
Summary
This economic trend measures the civilian labor force participation rate in Japan on an annual, not seasonally adjusted basis. It provides insights into the overall size and composition of Japan's workforce.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted labor force participation rate tracks the proportion of Japan's working-age population that is employed or actively seeking work. It is a key metric used by economists and policymakers to analyze labor market dynamics and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the Japanese government.
Historical Context
This trend is closely monitored by the Bank of Japan and other economic institutions to gauge the health and potential growth of the Japanese labor market.
Key Facts
- Japan's labor force participation rate was 61.5% in 2021.
- The rate has declined from a high of 63.2% in 1997.
- Participation is lower among older workers and women in Japan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate in Japan on an annual, not seasonally adjusted basis. It represents the proportion of Japan's working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall health and potential growth of the Japanese economy. It provides insights into the size and composition of the workforce, which is crucial for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Japanese government.
Q: How is this trend used in economic policy?
A: The Bank of Japan and other economic institutions closely monitor this trend to assess the labor market dynamics and inform policy decisions aimed at promoting economic growth and employment in Japan.
Q: Are there update delays or limitations?
A: The data is reported annually, with some delay in publication. There may be limitations in capturing certain segments of the population, such as the informal or gig economy workers.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24TTJPA156N), retrieved from FRED.