Japan's unemployment rate rose to 2.7% in July from 2.5% in June, attributed to labor market fluidity.

Japan's unemployment rate rose to 2.7% in July, up from 2.5% in June, according to data from the Ministry of Internal Affairs and Communications. The jobs-to-applicants ratio also improved, rising to 1.24. Analysts attribute the employment environment's deterioration in July to the increasing fluidity of the labor market, suggesting an increase in voluntary resignations among the unemployed.

August 30, 2024
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