Japan Unemployment Rockets as Recovery in Doubt

World | August 28, 2009, Friday // 12:33|  views

In July, 3 590 000 Japanese were out of work in July, over a million more than a year ago. Photo by growabrain.typepad.com

Japan's jobless rate hit a record 5,7% in July and consumer prices fell at a record pace, figures released days before a general election have shown.

Companies are continuing to lay off workers even though the economy has returned to growth after the most bruising recession for decades.

The state of Japan's economy is the key issue in the election campaign, the BBC reported.

Opinion polls show that the governing Liberal Democratic Party faces defeat in the election. It has held power for 53 of the past 54 years.

In July, 3 590 000 Japanese were out of work in July, over a million more than a year ago.

Japan's economy grew by 0,9% between April and June, but the latest figures cast doubt on the strength of the recovery.

 

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Tags: Japan, unemployment, Liberal Democratic Party, recession, elections

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