Posted on 08/29/2009 2:05:37 AM PDT by altair
The jobless rate rose to an all-time high of 5.7 percent in July, government data showed Friday, dealing a further blow to Prime Minister Taro Aso's already embattled government just two days before Sunday's Lower House election.
The jobless rate hit a seasonally adjusted 5.7 percent, the highest level in the postwar era and worsening from 5.4 percent in June, the Internal Affairs and Communications Ministry said.
The previous record was 5.5 percent, last seen in April 2003. Japan's jobless rate has been rising every month since January's 4.1 percent.
The total number of jobless in July jumped 40.2 percent from a year earlier to 3.59 million. Those with employment fell 2.1 percent to 62.7 million.
(Excerpt) Read more at search.japantimes.co.jp ...
I wish Prime Minister Koizumi had hung around longer ...
I wonder how the Japanese methodology of computing unemployment compares to ours.
I’m not sure. The Japanese have a much higher percentage of elderly population. So much so that they have had to relax immigration laws to fill all the jobs that needed to be filled. I would guess that trend is going to stop.
Thanks for the info. If my info is correct, the Japanese have traditionally been very strict on immigration to ensure that their own get jobs first and to maintain their culture from being compromised.
The malady of too many retiress there, and Italy, much of Europe, not mention the Good Ol' USA, is inexorably gonna cause 'hell in all our lives'....
DPJ wins in a landslide. Off to either find the thread or post it if someone hasn’t beaten me to it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.