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Japan's FY2022 jobless rate at 2.6%; improves for 2nd year in row
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JeffLee
Someone needs to tell Kyodo that during a supposed critical labor shortage, a fall in the jobless rate is not an "improvement" but a worsening.
Shirokuma4812
Isn’t the population of Japan decreasing, so doesn’t this make sense? And, isn’t this a bad thing?
OnTheTrail
And yet wages are not being bid up, somehow.
Yubaru
How can anyone believe the "unemployment" statistics, put out by the government?
Once again, how many people who are unemployed, not included in the "head count?" Let's start with those who have run out of unemployment insurance(pay), let go next with those who have given up even looking for work,(NEET) and let's not forget those who have become so depressed about it, they are on welfare and those who are living off of Mom, Dad, Grandma, Grandpa, or some brother or sister.
Also, let's take out the people who are UNDER-employed, seeing as how even working ONE hour per week takes one OFF the unemployment roles.
I could go on, but it's depressing to have to write, rewrite, and regurgitate the same thing every quarter they put out these lies.
Septim Dynasty
It's more like the part-timers epidemic has exploded.
You can thank Shinzo Abe for that.
https://www.reuters.com/article/us-japan-economy-wages-error-idUSKCN1P30M7
https://www.ccn.com/a-scandal-unfolds-japans-impressive-growth-rates-were-a-lie-40-of-economic-data-faked/
https://www.aljazeera.com/economy/2021/12/15/japan-admits-overstating-economic-data-for-nearly-a-decade
ian
Even if no new jobs are being created jobless rate will still fall because the population is decreasing
GBR48
About 5% is usually deemed to be 'full employment', allowing for those who do not want to work, do not need to work, are unemployable, or cannot work through ill health, with a large enough pool of able individuals in the process of changing jobs to ensure availability of both jobs and workers. 2.6% is too low for a healthy economy. It needs to rise.
Remember, changes in stats are meaningless unless compared to pre-pandemic figures.
Yubaru
Yeah right, and if this is the true total of unemployed, and folks believe it, I've some prime real estate for sale.
Anyone interested? I'll make you a lord or lady for a "small" fee!
Lindsay
An unemployed person is someone who doesn’t work at all. A person who works a few hours a week at a convenience store for a few thousand yen is considered employed. Just more smoke and mirrors politics. Only 40% of the workforce are considered full time workers. Everybody else is on part time or short term contracts. Add to this no salary increases for over twenty years while cost of living has increased by 30-50% depending on the sector and you quickly realize there is nothing to brag about.
Yubaru
First, there have been salary raises, however they were so miniscule and unnoticeable. But I am really curious just what sector you are talking about that has col increases of 30% to 50%, particularly the higher end.