The 0.3-percentage-point rise from April suggests Japan’s first recession since 2015 is beginning to have an impact on the labour market. — Reuters pic
Another closely watched indicator showed there were 120 jobs available for every 100 jobseekers, compared to 132 jobs in April — the steepest drop since the 1974 oil shock. Analysts also point out that the low rate may not account for millions of people who have simply left the labour market after giving up their search for a job.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia’s economy contracts by 1pc in Q1 amid oil plunge | Malay MailDUBAI, June 30 — Saudi Arabia’s economy contracted by 1 per cent in the first quarter, official data showed today, but the figures only marginally captured the collapse in oil prices and the coronavirus crisis, which deteriorated in March. “This negative growth originated mainly from the...
Source: malaymail - 🏆 1. / 86 Read more »
Japan's May retail sales fall sharply as lockdown measures hit demand | Malay MailTOKYO, June 29 — Retail sales in Japan tumbled at a double-digit pace for the second straight month in May as the coronavirus pandemic and lockdown measures delivered a heavy blow to consumer confidence. The sustained downturn in demand raises risks that the world's third-largest economy could...
Source: malaymail - 🏆 1. / 86 Read more »