ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Japan jobless rate hits 3-year high despite chronic labor shortage

Reading of 3.0% for August raises concerns over post-COVID outlook

Passersby wearing protective face masks walk at a crossing, amid the coronavirus outbreak, in Tokyo, Japan September 29, 2020.    © Reuters

TOKYO -- The jobless rate in Japan stood at 3.0% in August compared with 2.9% in July, data from the Statistics Bureau showed on Wednesday, amid a fragile economic recovery following the deep recession sparked by the coronavirus.

The August reading is the highest since 3.1% in May 2017, underlining a reversal of the decadelong downtrend in the unemployment rate under former Prime Minister Shinzo Abe's economic growth program, known as Abenomics.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more