Live Nowcast — 2026 Q2 (no official figure yet)
Produced by a tournament of forecasting models judged on real out-of-sample accuracy — the figure below is the deployed model’s current read, refreshed automatically as official data and news arrive.
Recent official figures (solid) and the current nowcast (dot) with its typical-error range. Every past forecast is kept on the books — see how the number is made.
Nowcasting Macro's latest nowcast puts Japan Unemployment Rate at 2.66% for 2026 Q2, against the most recent official figure of 2.66% for 2026 Q1.
That points to a broadly unchanged reading versus the last print.
Share of the labour force that is out of work and actively looking for a job (labour-force-survey definition).
Across our walk-forward backtest, the model deployed for this series has typically landed within ±0.08% of the published actual.
Over the past 4 quarters the series has risen from 2.47% (2025 Q1) to 2.66% (2026 Q1).
Lower is better. Survey-based, so it publishes with a longer lag than most monthly indicators.
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