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Japan’s Jobless Rate Rises to Highest in More Than Five Years
Japan’s unemployment rate climbed to a five-year high in April and job prospects worsened, signaling household spending will weigh on the economy just as exports are showing signs of improving. The jobless rate rose to 5 percent from 4.8 percent in March, the government statistics bureau said in Tokyo today. The ratio of positions available to each applicant dropped to 0.46 from 0.52, the lowest in a decade, the Labor Ministry said. The most severe global economic slump since the Great Depression has crippled demand for Japanese cars and electronics, leaving manufacturers with workers and factories they no longer ... (full story)
