Unemployment Rate Increased to 3 Percent in Japan

Unemployment Rate Increased to 3 Percent in Japan Unemployment rate increased to 3 percent in Japan. This rate was recorded as 2.9 in July. The Ministry of Interior and Communications of Japan has announced unemployment statistics for August. According to the data released, the unemployment rate in Japan rose to 3 percent in August. This rise was influenced by the negative economic situation created by the coronavirus epidemic, which affected the whole world. The unemployment rate, which was 2.9 in July, not based on the seasonal effect, rose by 0.1 to 3 percent in August. The unemployment rate, which saw the level of 3 for the first time since May 2017, was recorded as 3.1 in May 2017. In the light of these data, it was determined that the number of unemployed people in Japan exceeded 2 million. Business presence, which was negatively affected for 8 consecutive months, decreased from 1.08 in July to 1.04 in August. Thus, this rate dropped to the lowest rate since January 2014. With the economic deterioration brought about by the coronavirus (Covid-19) epidemic, the accommodation and restaurant sector parted ways with 280 thousand employees in August, compared to last year; The production sector pulled out 520 thousand workers.