Jobless Rate in Japan Falls in June

Japan’s unemployment rate fell to a seasonally adjusted 4.3 percent in June from 4.4 percent in May for the second straight month, according to data released by the Ministry of Internal Affairs and Communications on Tuesday.

The number of people employed grew 270,000, or 0.4 percent, to 62.72 million while the unemployed fell 80,000, or 2.8 percent, to 2.81 million.

The jobless rate for men stayed unchanged at 4.5 percent, while the figure for women improved to 4.0 percent from 4.3 percent.

Employment conditions have shown some “development of improvement” as more people manage to find jobs amid the economic recovery, a ministry official said.

via Xinhua

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza