March unemployment steady in Japan

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Friday, 27th April 2012
In General Japan News,

March unemployment steady in Japan

The rate of unemployment in Japan remained steady at 4.5 per cent in March, with no change on the level announced in the previous month.

It comes at a time that there was an increase in job numbers, however, with March representing the tenth consecutive month in which the number of positions increased, the Mainichi Daily reported.

With unemployment figures improving during February, a government official quoted by the news provider said that unemployment was "continuing to seesaw".

In March, the number of people in work fell by 0.3 per cent or 170,000, but this was countered by a decrease in the number of people unemployed, which fell by 0.3 per cent or 10,000.

Meanwhile, the number of unemployed men rose from 4.7 to 4.9 per cent, while the figure for women fell from 4.2 to 4.1 per cent.

A total of 62.71 million people are now in work, with those considered 'not in the labour force' standing at 45.34 million.

The news comes at the same time as the Bank of Japan announced another stimulus package aimed at boosting the country's economy. The Bank said it will buy government bonds worth ten trillion yen (£76 billion).

Written by Susan Ballion