Japan unemployment rate rises for first time in 5 months

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Japan unemployment rate rises for first time in 5 months

The internal affairs ministry said that the unemployment rate in Japan rose by 0.2 percentage points from the previous month to 2.6% in February, the first increase in five months.

The trend of changing jobs is believed to be spreading, due to the subsiding COVID 19 situation and expectations for higher salaries.

The number of jobless people increased by 130,000 to 1.8 million. The number of people who left their jobs voluntarily and the number of people who began to seek jobs increased by 80,000 and 30,000.

There were 67.14 million people with jobs, down by 300,000.

The labor ministry said the ratio of effective job openings to job seekers fell by 0.01 point from the previous month to 1.34 in February, down for two months in a row. The ratio is the number of jobs available for each candidate who has been registered with Hello Work public job placement centers across the country.

The number of effective job applicants increased by 1.6%, compared to the increase of 0.8% in effective job openings.