Japan's ultra low rates -- the key factor supporting the global credit bubble -- may not be around much longer.
Japan jobless falls to 7-year low
Thursday, July 28, 2005; Posted: 8:48 p.m. EDT (00:48 GMT)
Authorities hope the latest data prompts Japanese to spend more.
Free Dow Jones quotes from ADVFN
ADVFN has US and UK real time streaming prices, DFJI info, streaming charts,...
www.advfn.com
Free Dow Jones Market Information
Free Dow Jones market information with a deep technical analysis via use of...
www.futuresfacts.com
Advanced Charting Systems - Dow Jones
Time and volume analytical charts for stocks, indexes, and forex. Daily, weekly,...
www.prosticks.com
Make Profits Trading the Dow or Dow Mini
Trade the Dow or Dow mini-futures profitably using "The Law of Charts". Download...
www.tradingeducators.com
YOUR E-MAIL ALERTS
Japan
Economy
Labor
Unemployment
or Create Your Own
Manage Alerts | What Is This?
TOKYO, Japan (AP) -- Japan's jobless rate fell to 4.2 percent in June, its lowest level in seven years, the government said Friday, indicating that improvements in the labor market are accelerating.
It was the lowest level since July 1998, when Japan's unemployment rate hit 4.1 percent, according to government data.
The June figure was also better than the expectations of economists surveyed by Dow Jones Newswires, who had expected the jobless rate to remain at its May level of 4.4 percent.
The data raises hopes that steady improvements in the job market and resulting income growth will prompt Japanese consumers to spend more, strengthening Japan's nascent self-sustained economic recovery.
The jobless rate was 4.4 percent in April, 4.5 percent in March and 4.7 percent in February.
The total number of jobless fell for the 25th straight month, decreasing by 290,000, or 9.4 percent, from the same period last year to 2.80 million people, according to the Ministry of Internal Affairs and Communications.
The number of those with jobs rose on year for the second straight month, increasing by 440,000, or 0.7 percent, to 64.18 million people.
Japan's labor market has been on the rebound despite some fluctuations in the rates over the past year. |
