Japan's unemployment rate rose to 2.5% in October, ending a three-month drop, though jobs increased.

Japan's unemployment rate ticked up to 2.5% in October, a 0.1 percentage point rise from the previous month, ending a three-month decline. Despite this increase, the number of employed people rose by 0.2% to 67.98 million, while the job-to-applicant ratio improved to 1.25, indicating more job openings. Analysts attribute the rise in unemployment to expiring half-year contracts.

November 29, 2024
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