Japan's Unemployment Rate ticks down to 2.3%

Joshua Gibson FXStreet

Japan's Unemployment Rate improved even further for September, with the seasonally-adjusted m/m reading coming in at 2.3%, beating the market expectations of a hold at 2.4%.

The number of unemployed people in Japan declined by 280 thousand, or 14.7%, from the same period a year ago, and Japan's Unemployment Rate is sticking close to the all-time low of 2.2%, marked in this year back in April.

The Jobs/Applicant ratio also remains healthy, improving slightly to 1.64 from the previous reading of 1.63, and broader markets had expected a hold on the reported figures.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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