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TOKYO (Reuters) – Japan’s jobless rate inched up to 3.1% in October, the Ministry of Internal Affairs said on Tuesday, while separate data showed the availability of jobs rose for the first
time in 1-1/2 years.
The seasonally adjusted unemployment rate matched the median forecast and compared with 3.0% in September.
The jobs-to-applicants ratio in October grew for the first time since April 2019, to 1.04 from the previous month’s 1.03, which was its lowest reading since December 2013, labour ministry
data showed. The median forecast was for 1.03.
(Note: The jobs-to-applicants ratio and new job offers can be seen in Japanese on the labour ministry’s website)
(Reporting by Kentaro Sugiyama, writing by Daniel Leussink; Editing by Chang-Ran Kim)
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