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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Jobs/applications ratio held to 1.18% in May 2026
FMPMonthlyReleased May 2026
Japan Jobs/applications ratio held to 1.18% in May 2026. The reading matched the 1.18% consensus.
Latest Release
1.180000
Actual
1.180000
Consensus
1.180000
Previous
Median Absolute Error
±0.01 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.18
Actual: 1.18
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.55 | INDEX | Bullish Hang Seng | → View |
| S&P 500 | ▲ Direct | +0.54 | INDEX | Bullish S&P 500 | → View |
| BTC/USD | ▼ Inverse | −0.50 | CRYPTO | Bearish BTC | → View |
| XAU/USD | ▲ Direct | +0.43 | COMMODITIES | Bullish XAU | → View |
| Nikkei 225 | ▼ Inverse | −0.25 | INDEX | Bearish Nikkei 225 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Jobs/applications ratio (Japan) was reported at 1.18% in May 2026. This matched the market consensus of 1.18% exactly. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 1.2%, ranging from 1.18% to 1.24% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.18%, unchanged from the prior three. Volatility over the past year (σ 0.02%) is higher than the prior year (σ 0.01%). In May readings over the past 3 years, Jobs/applications ratio has averaged 1.24%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.01%.
WHAT TO WATCH NEXT
The next release is scheduled for June 29, 2026. Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Jobs/applications ratio - JP
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About Jobs/applications ratio — Japan
DEFINITION
The jobs/applications ratio is a financial indicator that measures the number of job openings available compared to the number of applications received. This ratio is used to assess the competitiveness of the job market and can provide insights into the overall health of the economy. A high ratio indicates a strong job market with a high demand for workers, while a low ratio may suggest a more competitive job market with a larger pool of applicants for each job opening. This indicator is often used by economists, policymakers, and businesses to make informed decisions about hiring, investment, and economic growth.
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1.18 %, consensus 1.18 %. Prior reading (Mar 2026): 1.18 %. Before that (Feb 2026): 1.19 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with Hang Seng (Bullish Hang Seng, r=0.55) — a useful reference for index-focused traders.