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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

March 02, 2021
JAPAN LABOUR FORCE SURVEY, JANUARY 2021

In January 2021, Japan's seasonally adjusted unemployment rate edged down to 2.9%. The impacts of COVID-19 are apparent in Japan's labour market, with a rising unemployment rate during 2020.  However, the magnitude of Japan's labour market shock appears to be more moderate than observed in other advanced economies. 

Compared to February 2020, Japan's labour force in January 2021 was down 0.2% while employment was down 0.7%. The impacts of COVID-19 on Canada's and Nova Scotia's labour markets was more severe in the spring and summer months.  From February 2020 to January 2021, Canada's labour force declined by 0.5% while employment fell 4.5%. Canada's unemployment rate increased from 5.7% in February 2020 to 9.4% in January 2021. Nova Scotia's January 2021 labour force was down 0.6% and employment was down 0.9% compared to February 2020. As a result of the steeper decline in employment, Nova Scotia’s unemployment rate rose from 8.0% in February 2020 to 8.3% in January 2021.

Sources:

Statistics Bureau of Japan. Table: a-1 (Seasonally adjusted) Major items (Labour force, Employed person, Employee, Unemployed person, Not in labour force, Unemployment rate (since Jan.1953)

Statistics Canada.  Table  14-10-0287-01   Labour force characteristics, monthly, seasonally adjusted and trend-cycle



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