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The unemployment rate in Japan came in at a seasonally adjusted 5.3 percent in September, the Ministry of Internal Affairs and Communications said on Friday, down from 5.5 percent in August and better than forecasts for a 5.6 percent gain.
The number of unemployed persons was 3.63 million, an increase of 920 thousand or 33.9 percent from the previous year. The number of employed persons was 62.95 million, down 980 thousand or 1.5 percent from the previous year.
The participation rate was 60.2 percent, while the job-to-applicant ratio was up to 0.43 from the record low 0.42.
Also on Friday, the Ministry of Health, Labor and Welfare said that average household spending in Japan was up 1.0 percent on year in September, in line with expectations following the 2.6 annual increase in August.
Wage earner household spending was up 0.6 percent on year after adding an annual 1.2 percent in the previous month.
The propensity to consume, which measures the amount of disposable income spent, was 86.5 percent in September, up from 81.7 percent in August.
Finally, Japan's core inflation rate in September declined 2.3 percent on year. The Ministry of Internal Affairs and Communications reported Friday that the drop in the core Consumer Price Index compared to a decline of 2.4 percent in August.
Overall national CPI was down 2.4 percent in September, compared to a decline of 2.2 percent for August. The core CPI figure excludes fresh food items. When excluding both food and energy prices, consumer prices declined 1.0 percent on month.
In the Tokyo metropolitan area, considered a leading indicator for the national picture, core CPI was down 2.2 percent when excluding food, down 1.4 percent excluding food and energy and down 2.4 percent overall.
The Tokyo overall CPI was revised downward to 2.1 percent for August.
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