EconomyJapan's long-term joblessness spikes to post-Lehman high
Rigid labor market makes finding new jobs difficult after pandemic layoffs
The morning rush hour in Tokyo: The pandemic has driven up long-term unemployment in Japan. (Photo by Yuki Nakao)
YOHEI MATSUO, Nikkei staff writer
TOKYO -- The coronavirus pandemic has dealt a heavy blow to Japan's labor market, with people without a job for at least a year surging to the highest levels since the global financial crisis triggered by the collapse of Lehman Brothers more than a decade ago.