Japan: Labor cost
* indicates monthly or quarterly data series
The most recent value is 98.9 index points as of June 2024, a decline compared to the previous value of 104.3 index points. Historically, the average for Japan from February 1997 to June 2024 is 98.54 index points. The minimum of 86.8 index points was recorded in May 2020, while the maximum of 104.3 index points was reached in May 2024.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Ministry of Health, Labour and Welfare, Japan
| Recent values | Japan: Labor cost index |
|---|---|
| 2024 Jun | 98.9 |
| 2024 May | 104.3 |
| 2024 Apr | 99.8 |
| 2024 Mar | 98.4 |
| 2024 Feb | 100.1 |
| 2024 Jan | 99.1 |
| 2023 Dec | 99.8 |
| 2023 Nov | 100.4 |
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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 69.28 | 2023 | million people |
| Unemployment rate | 2.58 | 2023 | percent |
| Female unemployment | 2.46 | 2023 | percent |
| Male unemployment | 2.81 | 2023 | percent |
| Youth unemployment | 4.20 | 2023 | percent |
| Labor force participation | 62.91 | 2023 | percent |
| Labor force: percent female | 45.11 | 2023 | percent |
| Female labor force participation | 54.85 | 2023 | percent |
| Male labor force participation | 71.55 | 2023 | percent |
| Self-employment | 9.69 | 2022 | percent |
| Employment | 67.87 | 9/2023 | million employed people |
| Unemployment rate | 2.60 | 9/2023 | percent |
| Labor cost | 100.80 | 9/2023 | index points |