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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Jobs/applications ratio climbed to 1.18% in July 2026
FMPMonthlyReleased July 2026
Japan Jobs/applications ratio climbed to 1.18% in July 2026, up 0.01% from June's 1.17% reading. The reading matched the 1.17% consensus.
Latest Release
1.180000
Actual
1.170000
Consensus
1.170000
Previous
Median Absolute Error
±0.01 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 1.17
Actual: 1.18
Error: -0.01
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.54 | CRYPTO | Moves against | → View |
| XAU/USD | ▲ Direct | +0.41 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.39 | INDEX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.34 | INDEX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.33 | FOREX | Moves against | → 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 July 2026. This beat the market consensus of 1.17% by 0.01%. The reading rose from the previous value of 1.17%. Over the past 12 months, the indicator has averaged 1.19%, ranging from 1.17% to 1.22% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 1.18%, down from the prior three at 1.19%. Volatility over the past year (σ 0.02%) is higher than the prior year (σ 0.01%). In July readings over the past 3 years, Jobs/applications ratio has averaged 1.23%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). 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 August 27, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Jul 31) and BoJ Monetary Policy Meeting Minutes (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 1.18 %, consensus 1.17 %. Prior reading (May 2026): 1.17 %. Before that (Apr 2026): 1.18 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.54) — a useful reference for crypto-focused traders.
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Economic Calendar - JP Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 34.9 | 33.8 | 34.2 | 34.55 | High |
| 23:30 | JP | Unemployment Rate | 2.5 | 2.5 | 2.5 | 2.50 | Medium |
| 23:30 | JP | Core CPI YoY | 1.9 | 1.6 | 1.7 | 1.80 | Low |
| 23:30 | JP | Jobs/applications ratio | 1.18 | 1.17 | 1.17 | 1.17 | Low |
| 23:30 | JP | CPI YoY | 2 | 1.7 | 2 | 2.00 | Low |
| 23:50 | JP | Retail Sales YoY | 0.5 | 5 | 3.1 | 1.80 | Medium |
| 23:50 | JP | Industrial Production MoM | 1.3 | 0.1 | 0.7 | 1.00 | Medium |
| 23:50 | JP | Retail Sales MoM | -4.1 | 1.7 | -0.5 | -2.30 | Low |
| 23:50 | JP | Industrial Production YoY | 4.2 | -2.1 | 1.8 | 3.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1 | 1 | 1 | 1.00 | High |
| 05:00 | JP | Construction Orders YoY | 2.3 | -6.7 | -7 | -2.35 | Low |
| 05:00 | JP | Housing Starts YoY | 18.6 | 33.9 | 12.8 | 15.70 | Medium |