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Japan's jobless rate at 6 year high in FY 2009

Updated:2010-04-30 17:26:42

Japan's unemployment rate rose to a seasonally adjusted 5.2 percent in fiscal 2009, marking the second consecutive year of decline and the first time the figure has topped the 5 percent mark for six years, the Ministry of Internal Affairs and Communications said Friday in a preliminary report.

With the rate in fiscal 2002 standing at 5.4 percent, the ministry said the figures for 2009, which were up 1.1 percent from the previous year, were the second worst on record.

In a separate report Japan's unemployment rate in March stood at a seasonally adjusted 5.0 percent, the Health, Labor and Welfare Ministry said on Friday.

The figure for March marked a 0.1 percent increase from a month earlier when the figure stood at 4.9 percent the ministry said and marked the first decline for four months.

A total of 1.11 million people lost their jobs involuntarily, or due to their employers' decisions, up 50,000 on year, the ministry said, adding that the number of jobholders fell 350,000 to 62.1 million for the 26th consecutive month of decline.

Meanwhile, the Ministry of Internal Affairs and Communications said in a preliminary report on Friday that the number of jobless people rose in March from a year earlier, climbing by 150,000 people to 3.5 million people, marking the 17th consecutive month of increase.

The ratio of job offers to jobseekers stood at a seasonally adjusted 0.49 in February, up from 0.47 a month earlier, Health, Labor and Welfare Ministry reported.

The figures mean that for every 100 eligible people seeking employment there are 49 available jobs to those candidates and according to the ministry the ratio hasn't been as favorable to job seekers since March 2008.

 

 

Source:http://news.xinhuanet.com

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