Japan’s Unemployment Rate Unexpectedly Falls to 4.9%Amaterasu Omikami, why must you afflict poor Tanigaki Sadakazu so? The Hokkaido Democratic Party of Japan Diet member with the fraudster accountant who did not inform the teacher's union representatives that their donations were illegal? Normally, a lifeline, manna from heaven. But not even LDP Secretary-General Oshima Tadamori could could feign caring during his statement criticizing the DPJ's latest political funding arrests.
Bloomberg
March 2 -- Japan’s unemployment rate unexpectedly fell to a 10-month low in January as the economy added the most jobs in more than 30 years.
The jobless rate dropped to 4.9 percent from a revised 5.2 percent in December, the statistics bureau said today in Tokyo. The median forecast of 25 economists surveyed by Bloomberg News was for the rate to be unchanged from a preliminary 5.1 percent.
A separate report showed that households increased spending for a sixth straight month, adding to signs that a rebound in exports is starting to benefit consumers in the world’s second- largest economy...
And now we have positive developments on the economic front...
Maybe I'm missing some sarcasm here MTC, but I don't see how the unemployment figures are good news when they are not accurate, widely discredited and fail to include those who are no longer looking for a job because the employment situation (46 job offers per 100 applicants) is nearly hopeless.
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