business

Japan's jobless rate stays at 4.9% in January

16 Comments

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Not bad compared to rest of G10. Maybe they should also consider all the baton wavers and elevator ladies and bank ushers ans other jobs that only exist in Japan.

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The numbers are deceiving, the manner in which the government here decides who is employed and who isnt would serious change if calculated in the same manner as the rest of the G10.

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Some say in reality it is about 10% and I agree.

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The BusinessInsider at businessinsider.com mentions that as the UNemployment rate goes down, so too does the Employment rate (the number of adults working) - more people are retiring. That means as the older generation stops working, the unemployment rate will continue to fall but economic growth will not follow.

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I like borscht comment. Thumbs up.

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The number is for the current job-searchers that are registered at Hello-Work(many don't bother with them anymore as more jobs can be found at agencies, etc).

You can only register with them for a given period anything over that and you fall of the stats.

Right now many jobs where people retire/get retrenched are not filled by new hires, so the number of available jobs is shrinking.

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If they laid off the 20-30 managers at the hamburger joints, the numbers would soar. But, it is good to keep people working, even if your job title is French Fry Manager. You still get to wear a different hat from the register girls. Hey, how come no guys run the registers at any fast hamburger joint here in Japan?

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Japan cannot complain about this percentage of unemployment. Any lower employment percentage puts more people working and results in high inflation. What happens then? The government raises the loan rate. Don't worry, be happy.

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There definitely seems to be more hiring in Tokyo.

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@noriyosan73 Any lower employment percentage puts more people working and results in high inflation. What happens then?

More jobs do not create inflation, a poor monetary/fiscal policy strategy does.

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haruka sob. I have just been promoted to the business equivalent of french fry manager. . . and now I want to cry.

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There is a standard way of counting unemployment according to International Labour Organization. Don't know if Japan uses same définition.

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According to website tradingeconomics.com : The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military.

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If the nonlabour force includes those who are not looking for work then the homeless in the parks and under the bridges should be counted so really the rate is well above 4.9%.

Hey haruka, I've been served by a guy at my local golden arches. (Mickey D's at a station on the Tozai line). I've seen guys manning the registers at MOS burger.

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At fast food places, more often than not it's the girls at the cash registers while the guys are in the hit, sweaty kitchens in the back. I hope the guys are getting paid more!

I'm starting to appreciate Japan's traditional culture of full employment, even if it means paying a premium so that those now-disappearing superfluous elevator and gas station attendants can have jobs. (Noriyosan, this creates high prices, but not inflation; subtle difference.) That system means that almost no one has to suffer the indignity of having no job -- getting paid a pittance to do light work is better than not having any work! I'd even support abolishing the minimum wage if it meant getting these people jobs.

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Thon mate, hisashiburi! Yes and no. Consider the whole working poor issue, guys on contracts losing money working, never knowing when they are going to get cut - the Akihabara killer for example. I think those traffic conductors and car park attendants and stuff are great for elderly supporting a pension, but lowering the minimum age for people working to survive is opening the system up to further abuse.

Peace

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