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Tuesday, 2nd March 2010
In Business In Japan,

Unemployment levels fall in Japan

The number of unemployed people in Japan fell by five per cent in January, new figures have shown.

According to data released by the Ministry of Internal Affairs and Communications, the rate of unemployment in January was 4.9 per cent, compared to the 5.1 per cent level seen the month before.

This is the lowest unemployment rate seen in Japan since March 2009 and beats figures predicted by market analysts polled by Reuters, who expected the level to be around 5.2 per cent.

Commenting on the news, economist Matthew Circosta noted that the economic recovery in Japan is "filtering through" and having a positive impact on the jobs market.

Japan has recently emerged from its deepest recession since the end of the second world war.

While the January numbers were better than expected, the number of unemployed people in Japan is still much higher than it was at this point last year.

Written by Mark Smith.