Japan’s unemployment rate falls to 4% in September

In Other News - October 30th, 2013

Japan’s unemployment rate fell slightly to 4.0 percent in September while the proportion of available jobs to applicants remain unchanged at record levels from over five years ago.

The seasonally adjusted unemployment rate slipped 0.1 percentage point from August, figures from the Internal Affairs Ministry showed on Tuesday. That figure also matched economists’ median forecast of 4.0%.

The number of jobless people decreased by 90,000 from the previous month to 2.63 million after seasonal adjustment, according to the ministry. This means that a total of 63.59 million people were employed in September.

The ratio of job openings to jobs seekers stood at 0.95 in September, unchanged from the previous month, when it rose to its highest since May 2008, according to separate data from the Ministry of Health, Labor and Welfare.

The number of new job offers rose 2.7% in September from the previous month and rose 9.2% from a year ago.

By Maesie Bertumen

Image: Infradept/Flickr