Japan's next premier to find COVID-19 pandemic eroding job market gains made by 'Abenomics'

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

TOKYO: Whoever succeeds Shinzo Abe as Japan's prime minister will be confronted with growing signs that the job market is deteriorating in an ...

TOKYO: Whoever succeeds Shinzo Abe as Japan's prime minister will be confronted with growing signs that the job market is deteriorating in an economy laid low by the COVID-19 pandemic.

The number of temporary workers fell by 1.31 million in July from a year ago, the biggest drop in more than 6-1/2 years. But the pandemic is even starting to affect hiring of university graduates, who until recently had no trouble landing jobs due to chronic labour shortages in an ageing population. Naoki Ishihara, a 24-year-old graduating this year, had a job offer from a design company cancelled in February.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines