Japan’s Jobless Rate Declines

TOKYO (Reuters) – Japan’s jobless rate in August fell to 2.5% from 2.7% in July, according to government data released on Tuesday.

The seasonally adjusted unemployment rate compared favorably with economists’ median forecast of 2.6%.

Additionally, the jobs-to-applicants ratio in August declined to 1.23 from 1.24 in July, as reported by separate labour ministry data. The median forecast for this ratio was 1.24.

(This story has been corrected to fix the month to August, not July, in the headline)