According to The Nikkei Asia, Japan's jobless rate stood at 2.6% in March, compared with 2.9% the previous month, the Statistics Bureau said on Friday, as the nation's labor market stays relatively stable despite the coronavirus pandemic over the past year.
The month saw the nation emerge from a coronavirus state of emergency, which put curbs on nighttime dining and drinking in the nation's metropolitan regions from Jan. 8 to March 21.
Takuya Hoshino, an economist at Dai-ichi Life Research Institute also noted that the decline in the jobless rate was caused in part by 330,000 people falling out of the labor force between February and March. The number of people on the job also decreased but by a smaller margin, of 130,000. Hoshino said the labor market may not be as strong as the unemployment rate suggests.
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