Japan’s Unemployment Rate Climbs To 2.9 Percent In May

TOKYO, June 30 (NNN-NHK) – The unemployment rate in Japan increased in May from a month earlier, as the COVID-19 pandemic has led to firms laying off staff, as businesses stall, the government said, in a report, on Tuesday.

According to the Ministry of Internal Affairs and Communications, Japan’s unemployment rate climbed 2.9 percent in the recording period, with the figure coming on the heels of a 2.6-percent increase, logged a month earlier.

Separately, the Ministry of Health, Labour and Welfare said today that, the job availability ratio in Japan stood at 1:20 in May, dropping from a ratio of 1:32 booked in Apr, marking the lowest reading since July, 2015.

The ratio equates to there being 120 job openings for every 100 people seeking work.– NNN-NHK