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Unemployment in Japan unexpectedly fell in February to 2.7%

USD/JPY, currency, EUR/JPY, currency, AUD/JPY, currency, Unemployment in Japan unexpectedly fell in February to 2.7%

The February unemployment data released by the Japanese government came as a surprise to most analysts. Statistics show a decrease of 0.1 percentage point in relation to its value in January to 2.7%. At the same time, analysts believed that unemployment in the country would remain at the January level of 2.8%. As of the end of the reporting month, the total number of unemployed Japanese amounted to 1 million 800 thousand people. Compared to the same month of the previous year, the indicator decreased by 150 thousand people or 7.7%. The number of unemployed population of the country has reached 42 million 150 thousand people. Compared to the same month in 2021, the indicator showed an increase of 14 thousand people or 0.3%. In the process of its calculation, data on unemployed Japanese whose age exceeds 65 years were taken into account. The Japanese economy is gradually recovering from the crisis caused by the pandemic. The increase in exports contributes to GDP growth. Last week, the head of the Central Bank of the country, Haruhiko Kuroda, said that the regulator does not plan to make changes to its PREP yet.

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