Indicator Showing Trends in Japan's Job-to-Applicant Ratio
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The effective job openings-to-applicants ratio is an indicator that shows the number of effective job openings divided by the number of effective job seekers in Japan. This data is released monthly by the Ministry of Health, Labour and Welfare and is crucial for assessing the supply-demand balance in the labor market.
If the effective job openings-to-applicants ratio is above 1, it indicates that the number of job openings exceeds the number of job seekers, suggesting an excess demand in the labor market. Conversely, if the ratio is below 1, it indicates that the number of job seekers exceeds the number of job openings, suggesting an excess supply in the labor market.
This data serves as a reference for policymakers to evaluate the health of the labor market and formulate appropriate labor market and economic policies. Additionally, it is an important source of information for businesses and investors to understand labor market trends and develop economic outlooks.
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||