Japan's Jobless Rate Drops to Four-Month Low

Japan's unemployment rate unexpectedly fell to a four-month low in September, signaling that a recovery is spreading to consumers, says Bloomberg.

 

Bloomberg reports that the statistics bureau says the unemployment rate declined to 5.3% from 5.5% in August.

 

A separate report obtained by Bloomberg showed the job-to-applicant ratio, a leading indicator of employment trends, improved for the first time in more than two years. The ratio rose to 0.43 last month from a record low of 0.42 in August, meaning there are 43 jobs for 100 job seekers. Household spending rose 1% from a year earlier, says Bloomberg, quoting the statistics bureau.
 

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern