MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JAPAN DATA: August Jobs Data Mixed, U/E Rate Back Close To Cycle Lows

JAPAN DATA
APACJapanData BulletBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Japan's August labour market data was mixed, with the job to applicant ratio ticking down to 1.23, from 1.24 prior (which was also the consensus expectation). This indicates the trend remains skewed towards a softer a labour market trend. Total applicants were flat in the month in y/y terms, while job offers fell to -4.5% y/y. 

  • The employment rate still ticked down though, suggesting reasonably tight labour market conditions persist. At 2.5% the unemployment rate is close to recent cycle lows (2.4% at the start of this year).
  • The number of people employed rose 250k in m/m terms for August, offsetting the -200k dip in July. In y/y terms the number of employed were up 0.6%, so this offsets the softer job to applicant figures to some degree. 
128 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Japan's August labour market data was mixed, with the job to applicant ratio ticking down to 1.23, from 1.24 prior (which was also the consensus expectation). This indicates the trend remains skewed towards a softer a labour market trend. Total applicants were flat in the month in y/y terms, while job offers fell to -4.5% y/y. 

  • The employment rate still ticked down though, suggesting reasonably tight labour market conditions persist. At 2.5% the unemployment rate is close to recent cycle lows (2.4% at the start of this year).
  • The number of people employed rose 250k in m/m terms for August, offsetting the -200k dip in July. In y/y terms the number of employed were up 0.6%, so this offsets the softer job to applicant figures to some degree.