Japan Faces Record High Unemployment

While many experts in the United States are breathing a sigh of relief thanks to signs that the economy may be turning around, Japan is currently seeing some ominous signs. Japan, which has the world’s second largest economy, saw unemployment rise to a level it hasn’t seen since the end of World War II.
In July, Japan’s unemployment rate was 5.7%. In June, it was 5.4%. The previous post-World War II record was 5.5% in 2003. According to the latest stats, for every 100 job seekers, only 42 jobs are available.
Experts in the country think that unemployment could reach 6% at …read more