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Friday, 30th October 2009
In Business In Japan,

Japanese unemployed rate falls

The number of people unemployed in Japan has fallen to its lowest point for four months, new figures have suggested.

In September, the jobless rate fell to 5.3 per cent, down from 5.5 per cent in August, according to the Japanese statistics bureau.

In July this year, the unemployed rate in Japan was 5.7 per cent, which was a record high.

Overall, the number of people without a job stood at 3.63 million in September, which is almost 34 per cent higher than during the same month in 2008.

According to the figures, during September there were 43 jobs on the market for every 100 people searching for work.

Commenting on the statistics, senior economist at JPMorgan Chase in Tokyo Masamichi Adachi said that the findings are "stronger than expected".

"Employers who earlier thought they couldn't survive without cutting more jobs are now thinking that those cuts may not be that necessary," he noted.

The Japanese economy is showing signs of picking up, after the country suffered its worst recession since the Second World War.

Written by Kimberley Homer.