Save Unemployment Rate vs. Jobs/Applicants Ratio
Ministry of Health, Labour and Welfare (MHLW) releases monthly jobs/applicants ratio and unemployment rate. Jobs/applicants ratio is job openings divided by applicants. The ratio represents the average number of job openings each applicant can get. Unemployment rate is the number of unemployed persons divided by the number of labor force.
Unemployment rate first reached record-high in the 90s when the asset bubble burst, and the second record-high was in 2008 during the financial crisis. But from 2009 on, unemployment rate went down and jobs/applicants ratio went up. There are fewer applicants and more job openings in the labor market every year. It shows that although corporate profits are improving, there's a lack of labor force.
Japan Unemployment rate (SA, L)2021-112.80 %
Japan Jobs/Applicants Ratio (SA, R)2021-101.15