Japan's jobless rate ticks up to 2.5 pct in August
Summary
Japan's unemployment rate rose to 2.5 percent in August from 2.4 percent in July, the first deterioration in five months. Job openings were unchanged at 1.18 per job seeker, while hiring fell in most sectors except manufacturing and information and communications.
Key Points
- Japan's unemployment rate climbed to 2.5 percent in August, up from 2.4 percent in July, marking the first decline in labor conditions in five months.
- The number of employed people rose by 30,000 to a seasonally adjusted 68.34 million, while 810,000 people quit voluntarily and 400,000 were laid off.
- The job availability ratio remained at 1.18, meaning there were 118 openings for every 100 job seekers.
- Job openings fell year on year in eight of 11 sectors, with the sharpest drops in accommodation and restaurant services and in wholesale and retail.
