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Tuesday, August 30, 2016

Japan Jobless Rate Falls to its lowest level since 1995

The remarkable performance of Japan’s labour market continued in July, with the jobless rate falling to its lowest level since 1995.


The unemployment rate fell one-tenth of 1 per cent to 3 per cent last month, and versus economists’ expectations it would hold steady at 3.1%

This is the lowest reading since May 1995.

The job-to-applicant ratio was steady at 1.37, which is the highest level since August 1991.

But it is the first time since February this year the ratio hasn’t risen during the month.

The previous time it went backwards was September 2014.

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