Japan's Unemployment Rate Falls Unexpectedly In October

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Japan's unemployment rate stood at a seasonally adjusted 5.1% in October, down from 5.3% in the previous month, the Ministry of Internal Affairs & Communications reported on Friday. Economists had expected the unemployment rate to rise to 5.4%. The unemployment rate stood at 3.8% a year ago.

In October, the unemployment rate was at 5.3% among males and 4.8% among females. The total number of unemployed persons declined to 3.36 million from 3.52 million.

At the same time, the number of employed persons decreased to 62.44 million from 62.64 million in the prior month, while total labor force strength slid to 65.82 million from 66.19 million.

Japan's unemployment rate stood at a seasonally adjusted 5.1% in October, down from 5.3% in the previous month, the Ministry of Internal Affairs & Communications reported on Friday. Economists had expected the unemployment rate to rise to 5.4%. The unemployment rate stood at 3.8% a year ago. (Market News Provided by RTTNews)