Japan's 2020 job availability logs sharpest drop in 45 yrs amid pandemic

Japan's job availability ratio in 2020 logged the sharpest drop since 1975, while the average unemployment rate marked the first rise in 11 years, highlighting the magnitude of the fallout from the coronavirus pandemic on workers, government data showed Friday.The job availability ratio fell 0.42 point to 1.18, the fastest pace since a 0.59 point drop in 1975 recorded in the wake of the 1973 global oil crisis, according to the Ministry of Health, Labor and Welfare. It means there were 118 job openings for every 100 job seekers.The pace of decline surpassed the 0.41 point slip logged in 2009…READ FULL ARTICLE