Japan's jobless rate remains at 4.9% in February

10:21, March 30, 2010      

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The jobless rate in Japan remained at 4.9 percent in February, according to data released by the Ministry of Health, Labor and Welfare on Tuesday.

Meanwhile, the number of people employed in Japan fell by 800, 000, or 1.3 percent, compared to the same month of the previous year.

The number of unemployed also increased by 8.4 percent compared to February in 2008, standing at 3.24 million people.

Separate data also showed that the ratio of job offers to job seekers was at 0.47, its best reading since last April. The data means that for every 100 people searching for work, there are 47 jobs available.

News that the jobless rate has held steady and that the amount of employment available will be welcomed by Prime Minister Hatoyama and the Democratic Party of Japan (DPJ). The nation is currently trying to convert a tentative economic recovery into a self-sustaining one, while it battles deflation and high unemployment.

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