Japan Jobless (Unemployment) rate for March: 2.5% (expected 2.5%)

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Japan Jobless rate for March: 2.5%

  • expected 2.5%, prior 2.4%

Job to applicant ratio for March 1.39

  • expected 1.40, prior 1.45  

A slight increase in the u/e rate in Japan as the coronavirus outbreak bites.

Goldman Sachs have mentioned their analysis suggests a bigger hit to the Japanese labour market from the virus than the GFC – due to heavy loss of jobs in service industries.

Japan’s labour market has a degrre of ‘insulation’ buil;t in due to the difficulty of dismissing full-time workers, pay cuts preferred over job losses and an ageing population (scarce working age people than otherwise) ,

See here for global coronavirus case data

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