Oliver 22 0 0 2 min to read

Japan’s unemployment rate falls in November to 2.5%.

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According to official figures issued on Tuesday, Japan’s jobless rate decreased by 0.1 percentage point from a month earlier to 2.5 percent in November.

The statistic, which represented the lowest reading since February 2020, was in line with market expectations.

According to the Internal Affairs and Communications Ministry, the number of unemployed individuals fell for the 17th consecutive month, by 180,000, to 1.65 million in November.

67.2 million people were employed, a 280,000 increase over the previous year.

At 1.35 in November, the job availability ratio stayed constant and was still at its highest point since March 2020.

The Land, Infrastructure, Transport and Tourism Ministry announced a surprise yearly fall in home starts of 1.4 percent last month in a separate statement.

The market anticipated an increase of 1.5 percent in November after October’s 1.8 percent decrease.

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