Japan's jobless rate in 2024 falls to 2.5%

shogun36

Today 12:10 am JST

The job availability ratio indicates that there were 125 job openings for every 100 job seekers

> Definitely a misleading stat.

> That's definitely not true for some industires.

The ratio is an average

The job availability ratio indicates that there were 125 job openings for every 100 job seekers

Definitely a misleading stat.

That's definitely not true for some industires.

The IT market, service market, even the hospitality market, are all taking major hits due to the very cheap workforce coming from South-East Asia. Even for 6$/H, they still prefer working on Konbinis, constructions, manufacturing, etc, therefore keeping the hourly rate very low still.

as fewer workers were dismissed amid a labor shortage

There might be opening but not all skill and people suitable for particular position. So if someone being fired from one position, need to find other job with similar position and skill requirement.

.

What happened to workers from bankrupt companies in 2024?

https://www.reuters.com/world/japan/japans-bankruptcies-set-hit-11-year-high-2024-data-shows-2024-12-09/

When will salaries double inflation so people can afford to save.

Well apparently mega banks are willing to raise ordinary deposit interest rates to .2 percent so... yay?

https://www.nikkei.com/article/DGXZQOUB243Y30U5A120C2000000/

That surely will not happen. But even if it theoretically would happen, people still cannot afford to save significantly.

When will salaries double inflation so people can afford to save.