Jobless Rate Up and Deflation in Japan
unemployment

For the first time in four months, the unemployment rate rose in Japan during the last month. In November, the prices fell and the unemployment rate rose in the world's second-biggest economy.

Reversing the whole scenario, the unemployment rate sank down by 5.2%, which was a bit lower in October. In July, jobless rate hit a record high of 5.7%.

The jobs-to-applicants ratio improved slightly for the third consecutive month, rising to 0.45 in November, from 0.44 in October. But jobs were available to only 4 out of 10 applicants.

There was also a fall in the number of new job offers, which was recorded at 13.8 percent in November.

The falling prices were another issue faced by Japan for the month. The key consumer prices index, which excludes volatile fresh food prices, has now fallen for nine straight months.

Deflation can damage Japan’s economic growth by lowering company profits. It also can increase debt burdens.

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