- Japan's unemployment rate remained unchanged in October
Market news
29 November 2016
Japan's unemployment rate remained unchanged in October
The unemployment rate published by the Ministry of Health, Labour and Welfare and the Bureau of Statistics of Japan, was 3.0% in October, in line with analysts' forecast and the previous value. Also, the ratio of vacancies and job seekers in October rose to 1.40 from 1.38. This means that for every 100 job seekers there were 140 jobs.
According to data published by Ministry of Internal Affairs and Communications, household expenditures in October fell by 0.4% year on year. In September, expenses decreased by -2.1%. Economists had expected a decrease of 0.6% in October compared with the same period of the previous year. Household spending is an indicator that assesses the total expenditure of households and used as an indicator of consumer optimism.
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