Japan jobless rate for March, 4.8%

Seasonally adjusted, Japan’s unemployment rate rose from 4.4% in February to 4.8% in March, a four year high.This was higher than the median forecast of 4.6%.

Jobs to applicants ratio fell to 0.52. Forecast was for a reading of 0.55.

Number of new job offers fell 22.3% in March from a year earlier. This comes after a 30.1% drop in February from a year earlier.

USDJPY continues higher towards 99.00.

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