Japan’s Job Availability Rises to 22 Year Best

Japan’s job availability improved in June to its best level in 22 years, as companies were eager to hire more workers amid labor shortages in a wide range of industries such as healthcare and construction, with the economy recuperating, the government said Tuesday.

The unemployment rate, however, rose for the first time in 10 months to 3.7 percent during the month from 3.5 percent in May, the Ministry of Internal Affairs and Communications said. A ministry official attributed the climb to more women seeking employment due to economic recovery.

The ratio of employment offers to seekers increased for the 19th straight month to 1.10 in June from 1.09 in the previous month, which means 110 positions were available for every 100 job seekers, the Ministry of Health, Labor and Welfare said.

It was the highest level since June 1992, soon after the burst dof the country’s asset-inflated bubble economy.

via Mainichi

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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