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

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

20200930 japan covid RTX7YOFZ

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

MITSURU OBE, Nikkei staff writer

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 ContentThis content was commissioned by Nikkei's Global Business Bureau.