Japan's jobless rate in FY 2024 falls to 2.5% amid labor shortage

Japan's average unemployment rate in fiscal 2024 fell 0.1 percentage point from a year earlier to 2.5 percent, marking the first improvement in two years, amid a labor shortage, government data showed Friday.In the fiscal year through March, the number of unemployed people decreased 30,000 to 1.75 million and the number of those with jobs grew 370,000 to 67.93 million, the highest level since comparable data became available in 1953, the Ministry of Internal Affairs and Communications said.Among those not in work, the number of people dismissed by employers fell 20,000 from fiscal 2023 to 2…READ FULL ARTICLE