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Japan unemployment rate remains steady at 2.4% in Jan as expected

Investing.com-- Japan’s unemployment rate remained steady in January as expected, staying close to one-year lows even as recent data pointed to more cooling in the Japanese economy. 

The unemployment rate stayed at 2.4%, official data showed on Friday, largely meeting market expectations.

Japan’s jobs to applications ratio also remained steady at 1.27% in January.

The reading comes even as recent data showed a bigger-than-expected decline in industrial production through January, while other readings also showed the country’s manufacturing sector shrank more than expected during the month.

The trend also comes after Japan unexpectedly fell into recession in the fourth quarter of 2023.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.