Part-time employment for Japan counts workers employed fewer than 35 hours per week, including both voluntary part-time and involuntary (underemployment). Involuntary part-time work is a key slack indicator.
Why FX traders watch it
High involuntary part-time employment signals hidden labour market slack that can dampen wage growth even when headline unemployment is low, an important nuance for the Bank of Japan's assessment of economic capacity.
How to interpret the data
Rising involuntary part-time employment during an expansion is a dovish signal; it indicates more workers want full-time jobs, limiting wage pressure. Falling part-time counts alongside rising full-time employment is the most bullish combination for the jpy.
Historical Part-Time Employment (JPY)
Source: BoJ/Statistics Japan
· Monthly
· 10k Persons