Japanese Unemployment Jumps To Worst In 2014 As Household Spending & Retail Sales Drop For 3rd Month

Against an forecast drop to 3.5% joblessness, Japan's unemployment rate missed expectations by the most in 10 months and surged to 3.7% (its highest since Dec 2013).

Against an forecast drop to 3.5% joblessness, Japan's unemployment rate missed expectations by the most in 10 months and surged to 3.7% (its highest since Dec 2013). That likely explains why household spending and retail sales both dropped for the 3rd month in a row... (and why Abe's approval rating just broke back under 50%).

Unemployment jumps to 2014 highs...

and Household spending tumbled once again...

 

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