Japan unemployment down to its lowest since the introduction of Abenomics
The unemployment rate for April was 3.3%, down 0.2ppt from March and the lowest level since April 1997 (3.2%). Not only has unemployment dropped to its lowest since the introduction of Abenomics, it has returned to level…
The unemployment rate for April was 3.3%, down 0.2ppt from March and the lowest level since April 1997 (3.2%). Not only has unemployment dropped to its lowest since the introduction of Abenomics, it has returned to levels last seen before Japan's economy entered deflation in 1998.
Nearly all of the decline in unemployment under Abenomics can be explained by an increase in the demand for labor, but a number of interesting characteristics can be also teased out of the data on the supply side.
"It is clear that the Japanese economy has started to bump up against a labor supply wall since the 2000s. On the short-term front, it is definitely not negative. However, labor supply constraints are a long-term problem that will not be easy to solve." notes BofA Merrill Lynch
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
