Japan's jobless rate declines 5.0% in September

11:23, October 29, 2010      

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Japan's unemployment rate fell to 5. 0 percent in September from 5.1 percent in the previous month on a seasonally adjusted basis, the Ministry of Internal Affairs and Communications said in a preliminary report Friday.

The jobless rate in the recording month came in better than the 5.1 median forecast by economists.

The number of unemployed persons in September stood at 3.4 million, a decrease of 230,000, or 6.3 percent, from the same time a year earlier, the ministry said.

Additionally, the government report said that the number of employed persons increased to 63.09 million, a rise of 140,000, or 0.2 percent, from the previous year.

Separately, the Health, Labor and Welfare Ministry reported Friday that the ratio of job offers to job seekers rose to 0.55 in September from 0.54 in August, meaning that for every 100 people seeking work there are 55 jobs available.

"The worst of the job slump is over, but the improvements in the unemployment rate will be extremely slow," said Azusa Kato, an economist at BNP Paribas in Tokyo.

"(But) companies still carry too many workers," she said.

Source: Xinhua


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