The effective job offer ratio is an indicator that shows how many job offers there are per job seeker, and is essential for understanding the supply and demand balance in the labor market. This data, released monthly by the Ministry of Health, Labor and Welfare, is an important indicator for understanding the employment situation by region and occupation. In this article, we will explain in detail the definition and calculation method of the effective job offer ratio, as well as its fluctuation factors and latest trends.
<Three points introduced in this article>
Definition of job availability ratio and how to calculate it
Analysis of effective job offer ratios by region and occupation
The relationship between the supply and demand balance in the labor market and the unemployment rate
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table of contents
What is the effective job offer ratio?
What is the effective number of job openings?
What is the effective number of job seekers?
What is a seasonally adjusted value?
How to calculate the effective job offer ratio
What does it mean when the effective job offer ratio is high or low?
When the effective job offer ratio is high
When the job offer ratio is low
Changes in the effective job offer ratio
[By fiscal year] Changes in the effective job offer ratio
[Prefectures] Effective job offer ratio
Job availability ratio by occupation
Points to consider when checking the effective job offer ratio
The number of job openings outside of Hello Work is not included.
Data not necessarily limited to full-time employees
Check seasonally adjusted figures too
The relationship between job availability and unemployment rate
What is the unemployment rate?
The relationship between job availability and unemployment rate
Recent unemployment rates
summary
What is the effective job offer ratio?
The effective job offer ratio refers to the ratio of the "effective number of job offers" registered with Hello Work or employment agencies to the "effective number of job seekers" during a specific period.
This figure indicates the balance between job offers and job seekers in the labor market. If it is above 1.0, it means that there are more job offers than job uganda business email list seekers, meaning that workers have a wide range of options. Conversely, if it is below 1.0, it means that there are more job seekers than job seekers, making job hunting difficult. It is said that the effective job offer ratio varies greatly by region and occupation.
What is the effective number of job openings?
"Active job openings" refers to the number of jobs that are actually being advertised at Hello Work or employment agencies.
In other words, it indicates the total number of workers required by companies within a certain period of time, and is one of the important indicators of the size of demand in the labor market. The number of available job openings directly reflects the health of the labor market and the vigor of economic activity, and is used as basic data to grasp the trends of the labor market as part of the employment statistics released by the Ministry of Health, Labor and Welfare every month.
This figure directly indicates how much labor companies are currently seeking, and is an important indicator of the vigor of the economy. An increase in the number of available job openings means that companies are actively recruiting personnel, and it can be said that the economy is tending to be good. On the other hand, if the number of available job openings is decreasing, it means that companies' recruitment activities are stagnating, and there are concerns about a worsening economy. The
number of available job openings is announced by the Ministry of Health, Labor and Welfare every month, and is essential information for understanding economic trends and employment conditions by industry. The number of available job openings also varies greatly by region, and tends to be higher in urban areas than in rural areas.
What is the effective number of job seekers?
The "number of active job seekers" refers to the number of "active" job seekers who are currently searching for work among those registered with Hello Work or employment agencies.
This figure represents the state of human resource supply in the labor market and is an important indicator for understanding the actual situation of the unemployed. When the number of effective job seekers is high, it indicates that there are many job seekers in the labor market and it is difficult to find a job. Conversely, when the number of effective job seekers is low, it indicates that competition in the labor market is relaxed and it is easy for job seekers to find a job. It is said that this figure is influenced by other figures such as the unemployment rate and the unemployment rate, and the figure varies greatly depending on the region and industry.
For example, different trends are seen in young people (15 to 24 years old) and middle-aged and older people (45 years old and older). In the younger generation, the number of effective job seekers may be high in the early stages of job hunting, but on the other hand, it generally decreases in the spring and autumn when job hunting becomes active. In the middle-aged and older generation, there is often a mismatch of skills and the working conditions do not match the companies' desired working conditions, so the number of effective job seekers tends to be high. In addition, the number of effective job seekers is generally high in general occupations such as clerical work, sales, and manufacturing. This is because these jobs have a large number of applicants and do not require specific skills or qualifications, making it easy for job seekers to gather.
Seasonal factors also affect fluctuations in the number of active job seekers. For example, the number of active job seekers tends to increase during the new graduate recruitment season and the peak period of resignations and job changes at the end of the fiscal year. In particular, in the Japanese labor market, since the new fiscal year begins in April, many job seekers decide to resign or change jobs at the end of March, which results in an increase in the number of active job seekers. In order to eliminate such seasonal factors and grasp more stable labor market trends, it is important to use seasonally adjusted values.
What is a seasonally adjusted value?
Seasonally adjusted figures are statistics that remove seasonal fluctuations in order to more accurately grasp trends in the labor market.
Seasonal fluctuation factors include weather changes, long holidays such as the New Year's holiday, Golden Week, and summer vacation, corporate accounting periods, and transfers and job changes at the end of the fiscal year. In particular, in industries such as tourism and agriculture, the situation of job offers and job searches can fluctuate greatly from season to season. If these figures are analyzed as they are, temporary fluctuations due to seasonal factors may be confused with general movements in the labor market. Therefore, seasonal adjustment can produce more accurate figures that exclude seasonal factors. This seasonal adjustment is also taken into account in the data on the effective job offer ratio released monthly by the Ministry of Health, Labor and Welfare. In this way, it is essential to check this seasonally adjusted value in order to grasp the exact situation of the labor market.
On the other hand, seasonally adjusted values also have some challenges. For example, when unexpected external factors or sudden events occur, it is difficult to completely eliminate their effects. In particular, when factors other than normal seasonal fluctuations such as pandemics, natural disasters, and large-scale economic crises intervene, it is difficult to grasp the exact situation of the labor market with seasonally adjusted values alone. Therefore, seasonally adjusted values should be used only as a reference value, and other economic indicators and market trends should be considered comprehensively.