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Japan Jobs To Applications Ratio

Price

1.26
Change +/-
-0.02
Percentage Change
-1.57 %

The current value of the Jobs To Applications Ratio in Japan is 1.26 . The Jobs To Applications Ratio in Japan decreased to 1.26 on 4/1/2024, after it was 1.28 on 3/1/2024. From 1/1/1963 to 5/1/2024, the average GDP in Japan was 0.92 . The all-time high was reached on 11/1/1973 with 1.93 , while the lowest value was recorded on 8/1/2009 with 0.42 .

Source: Ministry of Health, Labour and Welfare, Japan

Jobs To Applications Ratio

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Ratio of Jobs to Applications

Jobs To Applications Ratio History

DateValue
4/1/20241.26
3/1/20241.28
2/1/20241.26
1/1/20241.27
12/1/20231.27
11/1/20231.27
10/1/20231.3
9/1/20231.29
8/1/20231.29
7/1/20231.29
1
2
3
4
5
...
74

Similar Macro Indicators to Jobs To Applications Ratio

NameCurrentPreviousFrequency
🇯🇵
Employed persons
67.61 M 67.51 M Monthly
🇯🇵
Employment rate
61.4 %61.2 %Monthly
🇯🇵
Full-time employment
23.77 M 23.009 M Monthly
🇯🇵
Job Opportunities
836,938 832,062 Monthly
🇯🇵
Labor force participation rate
63.3 %63.1 %Monthly
🇯🇵
Minimum Wages
1,002 JPY/Hour961 JPY/HourAnnually
🇯🇵
Overtime Compensation YoY
-0.6 %-0.5 %Monthly
🇯🇵
Part-time work
7.65 M 7.693 M Monthly
🇯🇵
Population
124.3 M 124.95 M Annually
🇯🇵
Productivity
104.6 points97.1 pointsMonthly
🇯🇵
Real Earnings Excluding Bonuses
1.1 %-1.3 %Monthly
🇯🇵
Real Earnings Including Bonuses
0 %-0.4 %Monthly
🇯🇵
Retirement Age Men
64 Years64 YearsAnnually
🇯🇵
Retirement Age Women
64 Years64 YearsAnnually
🇯🇵
Unemployed Persons
1.71 M 1.68 M Monthly
🇯🇵
Unemployment Rate
2.5 %2.4 %Monthly
🇯🇵
Wage Growth
2.1 %1 %Monthly
🇯🇵
Wages
332,301 JPY/Month339,957 JPY/MonthMonthly
🇯🇵
Wages in Manufacturing
355,857 JPY/Month354,140 JPY/MonthMonthly
🇯🇵
Youth Unemployment Rate
3.8 %4 %Monthly

The series refers to the ratio of active job openings to applicants. This rate measures the number of job offers, including those carried forward from the previous month and new ones, relative to the number of job seekers registered at public employment security offices ("Hello Work") nationwide. It indicates the number of job offers available per job seeker. The ratio is calculated by dividing the monthly active job openings by the monthly active applications.

What is Jobs To Applications Ratio?

The "Jobs to Applications Ratio" is a pivotal macroeconomic indicator that plays a significant role in gauging the overall health of the labor market. As an essential part of the economic data displayed on Eulerpool, this ratio functions as a barometer for economists, policymakers, and investors keen on understanding the dynamics of employment and economic cycles. It measures the proportion of job vacancies to the number of job seekers, offering an insightful glimpse into the labor market's robustness or fragility. At its core, the Jobs to Applications Ratio inherently reflects the demand and supply balance within the employment sphere. A higher ratio indicates a greater number of job vacancies compared to the number of applicants, suggesting a competitive labor market teeming with opportunities. Conversely, a lower ratio signals an excess of applicants relative to available positions, often pointing to economic sluggishness or structural challenges within certain sectors. The importance of this ratio extends beyond simple numerical analysis. For organizations, it helps in strategic planning and talent acquisition. A high Jobs to Applications Ratio can mean more difficulty in filling positions, driving companies to enhance their recruitment strategies, offer higher wages, or invest in employee training programs to fill the gaps. For job seekers, understanding this ratio can inform their career choices, indicating which industries are currently in high demand and potentially offering better employment prospects. Policy makers leverage the Jobs to Applications Ratio when shaping labor market policies. For instance, a persistently low ratio might prompt initiatives aimed at stimulating job creation, such as subsidies, tax incentives, or investment in infrastructure projects. Conversely, if the ratio is excessively high, indicating a potential labor shortage, policies might focus on upskilling the workforce or adjusting immigration laws to attract talent from abroad. Inflationary pressures can also be inferred from this ratio. A tight labor market, represented by a high Jobs to Applications Ratio, often leads to upward pressure on wages as companies compete for limited talent. This wage inflation can then ripple through the economy, impacting consumer prices and influencing central banking policies regarding interest rates. By contrast, a low ratio may exert downward pressure on wages and signal subdued inflation, leading to different monetary policy decisions. Investors closely monitor this labor market indicator to guide their investment decisions. A high Jobs to Applications Ratio can indicate a robust economy where companies are growing and actively hiring, potentially pointing to strong performance in sectors such as construction, technology, and services. Conversely, a low ratio might signal economic distress in certain areas, possibly steering investors toward more defensive or counter-cyclical stocks. For educational institutions and career counselors, the Jobs to Applications Ratio is a valuable tool in shaping curriculum and advising students. Understanding which fields have a higher demand for labor can help in designing educational programs that meet market needs and provide students with better employment prospects upon graduation. This aligns educational outcomes with economic realities, ultimately contributing to workforce development and economic growth. From a regional perspective, variations in the Jobs to Applications Ratio can reveal underlying economic disparities between areas. Regions with consistently high ratios might attract more people seeking better job opportunities, influencing migration patterns and regional development policies. Conversely, regions with low ratios might require targeted economic interventions to bolster job creation and reduce unemployment. The temporal dimension of the Jobs to Applications Ratio also offers critical insights. By examining trends over time, analysts can identify emerging patterns or cyclic behavior in the labor market. For instance, a rising trend in the ratio could reflect an economic expansion phase, whereas a declining trend might indicate an impending recession. This temporal analysis is crucial for proactive economic planning and risk management. The interplay between the Jobs to Applications Ratio and other macroeconomic indicators further enriches its interpretive value. For instance, correlating this ratio with the unemployment rate can provide a more nuanced understanding of labor market conditions. Similarly, examining it alongside GDP growth or consumer confidence indices can paint a comprehensive picture of the economic landscape. In conclusion, the Jobs to Applications Ratio is much more than a mere statistic; it is a multifaceted indicator that captures the essence of labor market dynamics. It serves as a crucial tool for various stakeholders, from businesses and job seekers to policymakers and investors, providing actionable insights and driving strategic decisions. At Eulerpool, we strive to present this vital macroeconomic data accurately and comprehensively, enabling our users to make informed decisions based on robust economic analysis. Understanding and interpreting the Jobs to Applications Ratio can equip individuals and organizations to navigate the complexities of the labor market, fostering economic resilience and growth.