Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Japan's unemployment rate rises to 4.6% in June

Business Jul. 29, 2011 - 12:40PM JST ( 13 )

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13 Comments

1

AsagaoJul. 29, 2011 - 01:19PM JST

Unemployment benefits only last about 3 months, so this figure may be higher.
0

some14someJul. 29, 2011 - 01:23PM JST

Conversion table : This equals to US unemployment rate.
1

TimeiClicJul. 29, 2011 - 02:32PM JST

...and of those in employment, how many are working proper jobs, at a fair wage, with a full benefit system in place? A very low percentage, I would wager.

The future of this country is looking very grim indeed.
0

GodanJul. 29, 2011 - 02:47PM JST

It is ironic that all this "good news" will most likely lead to a further strengthening of the yen, which is gonna be "bad news" for various sectors of the Japanese economy.
0

davestrousersJul. 29, 2011 - 02:58PM JST

...and of those in employment, how many are working proper jobs, at a fair wage, with a full benefit system in place? A very low percentage, I would wager. The future of this country is looking very grim indeed.

Apart from a handful of countries blessed with natural resources and fairly low populations, where would you find a higher percentage?
1

TimeiClicJul. 29, 2011 - 03:59PM JST

If you mean a higher percentage of those in properly contracted jobs paying properly into the healthcare and pension system? The UK.

Japan has become a nation of unregulated workers, short term contracts and non-tax payers (not the employees fault, to a large extent, don't get me wrong).
0

davestrousersJul. 29, 2011 - 04:37PM JST

The UK. Japan has become a nation of unregulated workers, short term contracts and non-tax payers (not the employees fault, to a large extent, don't get me wrong).

The UK has crippling youth unemployment though. Its bringing up a generation that aren't even getting the experience of what its like to work.. except the lucky ones stacking shelves at Tesco.

I'm not saying the situation in Japan is great, just that some other developed nations are doing much worse. Look at Spain with 20% unemployment and almost 50% among young people. Japan's future doesn't seem that grim by comparison.
-1

TimeiClicJul. 29, 2011 - 04:59PM JST

I agree with you about the youth end of the scale, certainly.
0

アメリフセインJul. 30, 2011 - 02:03AM JST

4.6% is very low, Japan should be grateful.
1

globalwatcherJul. 30, 2011 - 06:37AM JST

Asagao wrote;

Unemployment benefits only last about 3 months, so this figure may be higher.

some14some wrote:

Conversion table : This equals to US unemployment rate.

I do agree with you both. This stats is well distorted. The truth is probably much higher than the US unemployment data.
2

sfjp330Jul. 30, 2011 - 07:09AM JST

The differences between Japan and U.S. unemployment figures is that many married Japanese women stay at home, and are not considered unmployed because they are not seeking employment. This is the same everywhere, but the fact that more Japanese women voluntarily stay at home gives more vacant jobs to men, and forrcibly reduces unemplyment. If all those house wives suddenly started to imitate their European and U.S. counterpart and work, even part-time, unemployment rates would surge well over anything seen in U.S. or Europe.
0

jforceAug. 01, 2011 - 10:26AM JST

Great comments. @TimeiClic brings up some good points regarding who are actually employed as "real" full-time, compared to the contract workers that regularly default on their pension, insurance, and tax payments. Let's also not forget that when you're unemployed you are still expected to pay your pension, health insurance, and tax.

@davestrousers: I think that your info can be restated for a lot of modern western countries. A sad state when the service industry suffocates ... well, industry! Youth with no skill set and blue-collar know-how is a terrifying prospect.
0

globalwatcherAug. 03, 2011 - 12:44PM JST

I am very surprised how little attention this topic has been discussed. This is a core issue of ECON 101. JOB, JOB, JOB.