Japan Jobless Rate Sinks To 3.3% In July

The unemployment rate in Japan came in at a seasonally adjusted 3.3 percent in July, the Ministry of Internal Affairs and Communications said on Friday.

That was below forecasts for 3.4 percent, which would have been unchanged from the June reading.

The job-to-applicant ratio was 1.20 – exceeding expectations for 1.19, which would have been unchanged from the previous month.

The participation rate was 59.6 percent, down from 60.0 percent a month earlier.

The number of employed persons in July was 63.81 million, an increase of 240,000 or 0.4 percent on year.

The number of unemployed persons in July was 2.22 million, a decrease of 260,000 or 10.5 percent on year.

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