Japan Unemployment Rises in June

The unemployment rate in Japan has increased to its highest level since November last year while production of cars and electronics fell in June, showing weakness in the world's second largest economy.

The country's jobless rate rose to 5.3 per cent, leaving some 3.4 million people looking for work, the country's ministry of internal affairs and communications said.

The jobs-to-applicants ratio also fell to 0.48, which means that there are 48 jobs available for 100 job-seeking candidates.

This data poses a challenge for Naoto Kan, the country's prime minister. His government must balance Japan's uncertain economic reality with plans to cut downthe industrialised world's biggest public debt.

Japan Unemployment Rises in June

8/2/2010 3:58:27 AM