Japanese unemployment highest in five years

The West Australian June 30, 2009, 12:45 pm

Japan's unemployment rate hit its highest level in more than five years in May, rising to 5.2 per cent from 5.0 per cent in April, according to government data released today.

The May jobless rate matched the 5.2 per cent posted in September 2003, the internal affairs ministry said.

The reading, which was slightly worse than an average market forecast of 5.1 per cent, is still below the country's post-World War II high of 5.5 per cent, which was last seen in April 2003, the ministry said.

Separate data from the labour ministry showed there were only 44 job offers for every 100 job seekers in May, down from 46 in April.

AFP

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