Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Japan’s unemployment rate rises to 2.5%, CPI up 0.9%

Unemployment rate rose to 2.5% for last month, up from the 2.4% increase in October.

Japanese workers
Source: Bloomberg

Japan’s unemployment rate rose slightly from the previous month in November even as more openings for jobseekers were available, data from the Ministry of Internal Affairs and Communications showed on Friday.

Unemployment rate rose to 2.5% for last month, up from the 2.4% increase in October. Economists had expected unemployment for the month to remain at 2.4%.

Jobs availability rose to 1.63 jobs per applicant in November compared to 1.62 jobs a month ago, in line with expectations.

The job market contributes to how the economy performs and a worsening employment situation will not help the Bank of Japan (BOJ) to keep to its annual inflation target of 2.0%.

In spite of massive monetary stimulus efforts from the BOJ to curtail price declines, inflation has been struggling to accelerate, posing as a challenge to the central bank.

On Friday, separate government data revealed Tokyo’s consumer prices rising 0.9%, matching expectations. The core CPI includes oil products but excludes the prices of fresh food. The Tokyo index is a leading indicator to track consumer inflation in the country.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about