Japan jobless rate falls to 5.1 pct, job availability up

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Jan 29 (BestGrowthStock) – Japan’s jobless rate edged down in
December and the availability of jobs improved for the fourth
month in a row.

The seasonally adjusted unemployment rate fell to 5.1 percent
from 5.2 percent in November, government figures showed on
Friday. That was better than median market forecast of 5.3
percent.

The jobless rate hit a record high of 5.7 percent in July.
[JPUNR=ECI]

The jobs-to-applicants ratio improved slightly for the fourth
consecutive month, rising to 0.46 from 0.45 in November.
[JPJOBA=ECI]

But that still meant less than five jobs were available for
every 10 applicants and was not far from the record low of 0.42
marked in July and August. The reading matched economists’ median
estimate.

The number of new job offers rose 1.5 percent in December
from previous month but was still 17.4 percent down from a year
ago.

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(Reporting by Rie Ishiguro)

Japan jobless rate falls to 5.1 pct, job availability up