Japanese Unemployment Falls 0.2% in October
October 28th, 2011 Posted in Analyst Picks
A surprise indicator from the Japanese economy this morning revealed an employment sector growing modestly through the autumn months. Expectations were for a worsening of the unemployment situation in Japan due to the decline in manufacturing and industrial production lately.
The actual results produced a surprise uptick in optimism about Japan as unemployment fell this past month from 4.3% to 4.1%. The report tends to have less impact on the value of the JPY, though it is a significant indication of job growth in the struggling island economy.
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Tags: employment, Forex, fundamental trading, JPY
