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Japan's jobs market worsens in August as coronavirus damage persists

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Japan's unemployment rate rose in August to its highest in over three years and job availability fell to a more than six-year low, government data showed on Friday, indicating damage caused by the COVID-19 pandemic persisted through the month.

TOKYO - Japan’s unemployment rate rose in August to its highest in over three years and job availability fell to a more than six-year low, government data showed on Friday, indicating damage caused by the COVID-19 pandemic persisted through the month.

They also dull any optimism brought by recent data such as factory output and business sentiment which offered signs of economic recovery. Japan’s seasonally adjusted jobless rate rose to 3.0% in August, the highest since May 2017, labour ministry data showed. The result met analysts’ median forecast of 3.0%.

 

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