Japan's Jobless Rate up to 4.7% in April

Japan’s unemployment rate rose to 4.7% in April from 4.6% in March for the first deterioration in six months amid the impact from the massive earthquake and tsunami in March.
TradingEconomics.com, Statistics Japan 5/31/2011 6:47:02 PM

The number of jobless people totaled 29.2 million, up 20,000 from the previous month while that of people dismissed from their jobs rose 40,000, with the ministry underlining that the negative fallout from the quake apparently spread outside the prefectures.

The natural disaster has disrupted the nationwide supply chain of industrial products, weighing heavily on output and exports and seriously striking the sentiment of companies and households.

The number of jobholders came to 59.69 million, down 140,000, for the second consecutive month of decline.

Separate data showed the country’s job availability deteriorated for the first time in 17 months, with the ratio of job offers to job seekers dropping to 0.61 in April from 0.63 in March. This means 61 jobs were available for every 100 seekers, said the Ministry of Health, Labor and Welfare.