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Japan: Jobless rate rises 0.1 % against expectations

By FXstreet.com,  April 29, 2010, 07:38:00 PM EDT

FXstreet.com (Córdoba) - The Japanese Jobless rate increased to 5.0% in March from 4.9% in February against forecast for an unchanged rate.

"The number of unemployed persons in March 2010 was 3.50 million, an increase of 150 thousand or 4.5% from the previous year. The unemployment rate, seasonally adjusted, was 5.0%."

The Jobless Rates data which comes from the Ministry of Health, Labour and welfare and it's published by the Japan Statistics Bureau, is a measure of the percentage of unemployed in Japan. A high percentage indicates weakness in the labor market which influences the strength and direction of the Japanese economy. Therefore, a low percentage should be taken as positive or bullish for the JPY.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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