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JAPAN – JOBLESS RATE FALLS IN DECEMBER

The seasonally adjusted unemployment rate in Japan fell to 2.8% in December from 3.3% last year, according to figures from the Ministry of Internal Affairs and Communications.

The number of unemployed persons in December 2017 was 1.74 million, a decrease of 190,000 or 9.8% from the previous year.

Compared to a month earlier, the unemployment rate increased from 2.7%, worsening for the first time in seven months.

Meanwhile, the number of employed persons in December 2017 was 65.42 million, an increase of 520,000 or 0.8% from the previous year. The employment rate in Japan stood at 58.9% in December.

The Labour Force participation rate was 60.5% in December. The ratio of job offers to job seekers stood at 1.59 in December, improving from 1.56 in November, and the highest level since January 1974. That means there were 159 job openings for every 100 people looking for work.

Source: staffingindustry.com