Japan saw its unemployment rate rise to 4.7 percent, in the year?s first six months – while the nation?s factory output posted a weaker than expected rebound amid sluggish output, following the March earthquake and tsunami.
The Ministry of Internal Affairs and Communications has confirmed that the unemployment rates in April rose to 4.7 percent from 4.6 percent in March. The number of jobless people in Japan stood at 3.09 million, down 300,000 from a year earlier; though the industrial output rose by one percent from the previous month. The country is yet to recover from its record drop of 15.5 percent in output loss, in March.
Japan has been showing signs of slumping into a recession, after the earthquake and tsunami in March this year.