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Japan Unemployment Rate Jumps To 2.8% In March
(RTTNews) - The jobless rate in Japan came in at a seasonally adjusted 2.8 percent in March, the Ministry of Internal Affairs and Communications said on Friday.
That was well above forecasts for an increase of 2.5 percent and up from 2.6 percent in February.
The jobs-to-applicant ratio came in at 1.32, missing expectations for 1.34, which would have been unchanged from the previous month.
The participation rate was 62.6 percent, beating forecasts for 62.4 percent and up from 62.1 percent a month earlier.
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Japan Services PMI Picks Up Steam In July - Jibun
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Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
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Overall consumer prices in the Tokyo region of Japan were up 2.9 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday.
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