Japan Job Availability Ratio Falls to 1.24 in May
Tokyo, June 28 (Jiji Press)--Japan's seasonally adjusted ratio of effective job openings to seekers in May fell 0.02 point from the previous month to 1.24, the labor ministry said Friday.
The ratio continued to drop because the number of job seekers increased as many faced higher costs of living due to persisting inflation.
The ratio represents the number of job openings available to each seeker registered with Hello Work public job placement centers across the country.
The number of effective job vacancies rose 0.1 pct, while seekers increased a bigger 1.9 pct, resulting in the decline in the job availability ratio.
An Employment Security Bureau official said that many job seekers hope to change jobs or take on additional work for reasons such as rising prices and decreased income.
(2024/06/28-12:45)
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