August 30, 2018 / 11:59 PM / a month ago

Japan July jobless rate inches up to 2.5 percent

TOKYO (Reuters) - Japan’s jobless rate rose slightly in July while the availability of jobs improved, government data showed on Friday.

FILE PHOTO: Job seekers attend a job fair held for fresh graduates in Tokyo, Japan, March 20, 2016. REUTERS/Yuya Shino/File Photo

The seasonally adjusted unemployment rate rose to 2.5 percent from 2.4 percent in July, and compared with economists’ median forecast of 2.4 percent, figures from the Ministry of Internal Affairs and Communications showed.

The jobs-to-applicants ratio rose to 1.63 from 1.62 in June, hitting the highest level since January 1974, separate data from the labor ministry showed. The median forecast was for 1.62.

Reporting by Tetsushi Kajimoto and Sumio Ito; Editing by Chang-Ran Kim

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