Wednesday, March 4, 2015   

Japan jobless rate up
(07-29 11:05)

Japan's jobless rate rose for the first time in almost a year in June, while the ratio of job offers to job seekers hit a 22-year high, official data showed Tuesday.
The unemployment rate edged up to 3.7 percent in June from 3.5 percent in the previous month, the internal affairs ministry said.
It was the first increase since August 2013 when the rate rose to 4.1 percent.
Markets had expected the June unemployment rate to remain flat from its May level of 3.5 percent, which was the lowest since late 1997.
A separate survey from the labor ministry showed the ratio of job offers to job seekers stood at 1.10 in June, meaning there were 110 job offers for every 100 job hunters.
It was the highest rate since June 1992, according to the labor ministry.
The rise in both job offers and joblessness suggests more people have started seeking work as they see the labor market improving, leading them to be counted as job-seekers, which pushes up the unemployment rate.
The internal affairs ministry also said household spending fell 3.0 percent year-on-year in June.
The fall was smaller than drops of 8.0 percent in May and 4.6 percent in April, just after the nation's sales tax was hiked for the first time in 17 years.
The tax was lifted to 8.0 percent from 5.0 percent on April 1 in a bid to help shrink Japan's mammoth national debt, one of the heaviest burdens among wealthy nations. --AFP   
Other Business breaking news:
Greece pays more for debt issuance (1 hr 25 mins ago)
IMF tells Sri Lanka no immediate need for US$4b loan (2 hrs 8 mins ago)
RBS to shed 14,000 investment banking jobs (2 hrs 57 mins ago)
Court annuls ECB’s clearing houses requirement (03-04 17:41)
Toyota elevates Frenchman, American to management ranks (03-04 17:36)
StanChart chief allows himself a fine assessment, recalls 2002 and 2006 profits (03-04 17:01)
StanChart says earnings disappointing, income tumbles by 37pc (03-04 16:40)
European benchmarks advance (03-04 16:34)
Australia reports weak growth (03-04 16:08)
Seoul wary of deflation (03-04 15:10)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.