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Japan – Job availability hits new high

26 June 2015

Japan's job availability rose to its highest level in roughly 23 years, while the unemployment rate remained flat in May, indicating that labour market conditions continued to improve amid economic recovery, reports asia.nikkei.com.

The ratio of employment offers to seekers rose to 1.19 from 1.17 in April, the highest level since March 1992, according to the Ministry of Health, Labour and Welfare. The ratio means 119 positions were available for every 100 job seekers.

The country's jobless rate was at 3.3% in May, unchanged from April, the Internal Affairs and Communications Ministry said in a preliminary report. A ministry official said the labour market "continues to be on a recovery path."

The number of unemployed people fell by a seasonally adjusted 0.5% from the previous month to 2.18 million.

Employment increased for women in the reporting month, with their jobless rate down 0.2 percentage point to 3%, the lowest since February 1995. The unemployment rate for men increased 0.2 percentage points to 3.6%.