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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JAPAN DATA
Japan's jobless rate ticked up in August, rising 2.7%, versus 2.6% forecast (2.6% was the prior outcome). The job to applicant ratio was steady at 1.29. In y/y terms, job offers were -1.1%, but new applicants fell -2.4% y/y. Both terms were slightly higher m/m.
- The chart below overlays the job to applicant ratio, which is inverted on the chart, against the Japan unemployment rate. The best of labor market conditions, seen in early 2023 are now behind us.
Fig 1: Japan Unemployment Rate & Job-To-Applicant Ratio (Inverted)
Source: MNI - Market News/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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