June 29, 2018 / 12:33 AM / 20 days ago

Japan May jobless rate drops to 2.2 percent

TOKYO (Reuters) - Japan’s jobless rate dropped to 2.2 percent in May, while the availability of jobs improved to the highest in more than four decades, figures from the Internal Affairs ministry showed on Friday.

The seasonally adjusted unemployment rate fell from 2.5 percent in April and compared with economists’ median forecast of 2.5 percent.

The jobs-to-applicants ratio rose to 1.60 from 1.59 in April to reach the highest since January 1974. The median forecast was 1.59.

Reporting by Stanley White and Sumio Ito; Editing by Chang-Ran Kim

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