• Japan jobless rate returns to its 23-year low

Market news

28 July 2017

Japan jobless rate returns to its 23-year low

A report from the Ministry of Internal Affairs and Communications revealed the seasonally adjusted unemployment rate in Japan fell to 2.8 percent in June, while economists forecasted it to slid to 3 percent from 3.1 percent in May. That marked returning to the rate seen from February to April this year, which was also the lowest since June 1994. The job-to-applicant ratio rose to 1.51 in June from 1.49 in the previous month. The participation rate came in at 61, up from 60.8 a month earlier.

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