Japan job availability down to 1.29 in FY 2023, 1st fall in 3 yrs
Ideas:
Most likely, but not always, companies will use different reasons/excuses to not do something, and maybe the increase in material costs as a reason not to recruit as before, even, even though there is a so-called labor shortage in Japan.
Even though there might have been 128 jobs available for every 100 jobs, that doesn't mean the jobs were full-paying jobs or quality jobs that every workers needs or wants.
Japan, unfortunately, has been using more contract workers, part-time workers, as a way to reduce costs and or reduce benefits to meet shareholder requirements.
An economy is made up many different sectors, with each having different needs, and no sector is exactly the same is another sector. As such they might have different labor structure needs and hiring needs too.
If Japanese workers can get the needed pay raises that can keep them in their current jobs, that is good, but at the same time, if workers need to or have to find a better job, the labor market in Japan should be flexible enough to allow for workers to change jobs easily too.
The challenge is small and midsize companies that might not be able to give good enough pay increases to either keep their current workers and or recruit new workers, as again, their is a so-called labor shortage in Japan.
Most likely, both educated and the not-so educated might not like manufacturing jobs these days, even though they might be high-paying jobs, and many young workers don't want to work in such difficult jobs,.
At the same time maybe the lifestyle and entertainment sectors haven't been able to match or meet the expectations of young workers with wages like in the high tech sectors or large company sectors, and as such maybe many young people don't want to work those kinds of jobs.
The education sector might be in a different situation, as inflation might be limiting the number of customers and as such demand is down so many education sector jobs, such as after-school academies can't pay the wages that workers want.
There needs to constant flow of workers in and out of jobs, in any economy, including Japan, as the more fluid an economy is, the more flexibility is more workers can easily change jobs, and not get stuck in a job they don't want or like.
It might be just a coincidence that men were down 30,000 in unemployment and women were up 30,000 in unemployment.
But a encouraging number is the number of women in Japan increased by 270,000 as women in Japan are an under-utilized resource that Japan is still not using correctly in its economy.
Of course maybe the inflation situation has forced more women to join the Japanese workforce and one member family members working is just good enough these days, and even in the US and other countries, just doesn't work anymore.
Economic or financial household challenges are probably the main reasons for more women entering or even re-entering the workforce, Also of course is the chance of the possibility of more or better pay as companies increases wages this April.
No economy is ever going to have 0 percent unemployment as there are always going to be some people who quit their jobs, some people in a transition phase between jobs, some people, unfortunately get laid off and so on.
But at the same time, there has to be flexibility and fluidity in an economy that allows for a much movement as possible between jobs for workers/people to pick and choose as needed.
Have a nice day and be safe!
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