Japan’s job market stays tight, retaining stress on wages

Japan’s labor market confirmed additional indicators of tightening in October, a improvement that can assist maintain upward stress on wages.

The job-to-applicants ratio climbed to 1.35 final month, that means there have been 135 jobs provided for each 100 candidates, the labor ministry reported Tuesday. It was a slight rise from 134 positions a month earlier, and matched the economists’ forecast.

A separate report additionally confirmed the unemployment price remained low in October. The jobless price stayed at 2.6%, based on the ministry of inside affairs. The variety of folks with jobs elevated by round half one million in comparison with the 12 months earlier than, led by good points within the hospitality and medical sectors.

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