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Unemployment steady at 4.0% in October

December 1, 2007
By Ken Worsley


Yesterday afternoon, the Statistics Bureau released data showing that after two months of rising unemployment rates, in October Japan’s unemployment remained unchanged at 4.0 percent. The number of people employed versus October of 2006 was down 90,000 (0.1%), while the number of people unemployed was down by 110,000, or 3.9 percent.

Last October, the rate was at 4.1 percent. In October 2007, the number of jobs available per applicant was at its lowest level since 2001.

Filed Under Economic Reports, Unemployment 

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Comments

2 Responses to “Unemployment steady at 4.0% in October”

  1. Garrett on December 2nd, 2007 10:16 pm

    I feel like it needs to be pointed out every time unemployment in Japan comes up: Japan measures unemploymen based on people having reported not working in the past week, as opposed to the past month, as in pretty much every other developed country.

    Any idea how the regional breakdowns for jobs per applicant look?

  2. Ken Worsley on December 2nd, 2007 10:54 pm

    That will take some digging, but it’s out there…

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