Japan July Jobless Rate: Ideas Later.

Japan's July jobless rate falls to 2.4%, 1st improvement in 3 months

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TOKYO (Kyodo) -- Japan's unemployment rate fell to 2.4 percent in July from 2.5 percent in the previous month, improving for the first time in three months, amid a decline in the number of people who were let go, the Ministry of Internal Affairs and Communications said Friday.

The number of people with jobs was down 0.2 percent at a seasonally adjusted 68.31 million, it said.

"The job market is holding up," a ministry official said, while noting that further monitoring is required.

"The improvement can be attributed to a fall in the number of those who involuntarily left their jobs, whether it be due to retirement or being laid off," he added.

Of those not in work, 380,000 were dismissed, dropping 7.3 percent from June, while 750,000 left their jobs voluntarily, likely to seek better conditions, unchanged from the previous month.

Those newly seeking jobs decreased 8.2 percent to 450,000 according to the ministry.

Meanwhile, the job availability ratio in July was unchanged from the previous month at 1.18, according to separate data from the Ministry of Health, Labor and Welfare, meaning there were 118 jobs available for every 100 job seekers.

Of the 11 sectors, six saw drops with accommodation, and wholesale and retail trade leading declines, while five recorded more job openings, including manufacturing and service industries, the labor ministry said.

Article source:  https://mainichi.jp/english/articles/20260828/p2g/00m/0bu/020000c