Home » Japan: unemployment rate drops to 2.8% in July, employed +420,000

Japan: unemployment rate drops to 2.8% in July, employed +420,000

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In July, Japan’s unemployment rate stood at 2.8%, down from the previous 2.9% and better than the 2.9% estimated by analysts. The number of jobs available for every 100 people looking for a job was 115, better than the 112 expected and compared to the previous 113.

The number of unemployed in Japan also stood at 1.9 million, down for the second consecutive month, and down by 120,000 since June.

The number of employees rose 420,000 from the previous month to 67.08 million, up for the second consecutive month.

According to reports from the Chinese news agency Xinhua, Yuriko Shimanaka, an economist at Mizuho Research & Technologies, commented on the figure, however predicting a deterioration in the labor market, due to the state of emergency that Japan was forced to impose. on 21 of the 47 prefectures of the country, due to the spread of the Delta variant.

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