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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (4079)	6/1/1998 10:23:00 AM
From: Worswick	Read Replies (1) \| Respond to of 9980

BBC For Private Use only "Japan's jobless rate reached a record high in April of 4.1%. The figure, the third record high in a row, is the worst since the government began compiling employment statistics using the current method in 1953. The total of unemployed, at a record 2.9m, shot up by 26% from the number out of work in April last year. "It's a very severe situation," said an agency official. "Especially for older people and those just graduating from school, the severity is increasing." Additional anecdotal information: This weekend two Japanese people came for lunch. They said the true inemployment in Japan is double the acknowledged figures in the region of 8%. Imagine Japan with greater unemployment than the US.