2014's jobs/applicants ratio at highest in 23 years at 1.09, unemployment rate also improves
1, 31. 2015
The average jobs-to-applicants ratio for 2014 was 1.09, 0.16 points higher than 2013, according to information released by the Ministry of Health, Labour and Welfare on January 30th 2015. This is the highest standard in 23 years since the 1.40 ratio in 1991, in the last days of the bubble economy, and the first time in 7 years that the ratio has exceeded 1.0, since the 2007 figure of 1.04.
Furthermore, the seasonally adjusted jobs-to-applicants ratio for December 2012 showed a considerable improvement, topping the November ratio by 0.03 points to reach 1.15, and improving on the preceding month for the third consecutive month. The jobs-to-applicants ratio was higher than 1.0 in every month in 2014.
According to the Labor Force Survey, released on the same day by the Ministry of Internal Affairs and Communications, the average unemployment rate also improved, decreasing year-on-year by 0.4% to 3.6%.
Moreover, the seasonally adjusted unemployment rate for December 2014 was 3.4%, 0.1% lower than the previous month. This was the first improvement in 2 months. Male unemployment rate was 3.6%, a 0.2% improvement from the previous month; female unemployment rate was 3.2%, 0.1% worse than the previous month.