Japan's Feb. jobless rate falls to 2.6%, 1st drop in 7 months
Ideas:
There is a supposed labor shortage in Japan now which means for the general population finding a job might be easier now than in the past, and it seems now its might be much easier to change jobs to one that might fit more to what you need or want and maybe a better work/life situation.
But maybe globally, not just in Japan, these days getting a new job or even a first jobs requires so much more than just a cover letter and a resume and there seems to be layers upon layers of gatekeepers to go through.
Its interesting that in years past or more importantly decades past, for the most part, companies in Japan didn't lay off workers as their was for the most part a kind of life-time employment situation in Japan.
But of course as Japanese companies have become more westernized and placed priority on keeping stock holders happy they are now more like US and EU companies and laying off workers as needed.
Also, for a long time, changing jobs or getting a new job in Japan was a very hard and long process, but the Japanese government, most likely because of the so-called labor shortage, has made it easier for workers to change jobs and as such even at 760,000 people left their jobs for supposedly better jobs.
At the same time, as with any economy, it must be remembered, that there are only so many good jobs available and maybe a lot of the best or better jobs have been taken and workers/people who are looking for that somewhat perfect job might not be able to find it and have to look a lot harder to get the best job they can get.
The jobs availability ratio, while it edged up to 1.19 meaning 119 jobs for every 100 jobs, the key is are these really good jobs, with good benefits are are they less than good and maybe don't allow or better work/life experiences that many workers are looking for these days.
What could be happening with new job openings being much less in specific sectors such as wholesale and the retail sectors, is companies in these sectors had to increase wages to attract or keep workers and now their profits margins are so thin that can't afford to hire any new workers.
And its seems to be a problem with the governments push for companies to increase wages but at the same time many of these companies have compromised their profits margins to the point that now they can't hire any more new workers.
In today's global economy no country is an island or no country is isolated to the point that what happens in the Middle East can affect every country in the world and all countries now, because of financial networks, logistics networks, and other networks are all connected so Japan too will see prices increasing even more due to the situation in the Middle East.
At the same time, Japan is a resource-poor country and has to import much of what is needs and as such, as prices have been increasing continuously almost since the end of the pandemic, and the weak yen has also contributed to higher than normal import prices and Japan might see prices going up even more in the future.
Have a nice day!
Article source: https://mainichi.jp/english/articles/20260331/p2g/00m/0bu/020000c
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