Japan February Jobless Rate Unexpectedly Rises to 5-Month High of 2.6% on Job Cuts, New Job Seekers, after Easing to Near 4-Year Low of 2.4% in January

31 Mar 2024 22:34 | JHRS (Administrator)

Japanese payrolls posted a 19th straight rise on year in February amid labor shortages at factories, communications firms, hotels and restaurants, but the unemployment rate unexpectedly rose to a five-month high of 2.6% after falling to a nearly four-year low of 2.4% in January from 2.5% in December, data released Friday by the Ministry of Internal Affairs and Communications showed.

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