The unemployment rate in Japan fell to the lowest level in nearly a quarter-century in January as the ratio of open jobs to applicants remained at the highest level since the early 1970s, highlighting an enduring shortage of workers at Japanese companies.
Japan’s jobless rate dipped to 2.4 per cent in the first month of the year, down from 2.8 per cent in January and pushing well below a median forecast of 2.7 per cent from economists polled by Reuters.
That took unemployment in Japan to the lowest level since April 1993. Yet the country’s jobs-to-applicants ratio remained unchanged from December at 1.59 per cent.
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