Japan on Friday released data which showed that the unemployment index dropped to 2.2 percent of the workforce in July, the lowest since October 1992, while industrial output grew 1.3 percent during the same month. The index was down 0.1 percent from June, reports Efe news.
The number of unemployed people in the country stood at 1.56 million in July, with a drop of 160,000 people or 9.3 percent year-on-year, according to data provided by the Ministry of Internal Affairs and Communications.
The number of employed people (above the age of 15) grew to 67.31 million, an increase of 710,000 or 1.1 percent compared to July 2018.
In July, there were 159 job openings available for every 100 job seekers, which is 2 percent less compared to the earlier month. The high ratio of available jobs points to labor shortages in the world's third-biggest economy, which is struggling with a rapidly aging population.
Meanwhile, the Ministry of Economy, Trade and Industry said on Friday that Japan's industrial output grew 1.3 percent in July compared to the month before. The index grew 0.7 percent compared to July 2018, according to official data.
The sectors which registered the biggest growth include auto manufacturing, chemicals and paper. The biggest drops in production were registered in organic chemicals, oil and coal, electrical machinery and telecoms equipment sectors.
The government expects industrial output to grow 1.3 percent in August and then drop 1.6 percent in September.
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