Recent Changes in Unemployment in the Japanese Labor Market
The rate of unemployment in Japanese labor market has shown a rather conspicuous trend of increase in the last few years. Following the discontinuous increase from the low one percent level to two percent in the wake of the first oil crisis, the rate has risen again substantially now, close to three percent since the beginning of 1983, although it lowered slightly recently-perhaps reflecting, sluggishly and only mildly, the recent economic recovery.
KeywordsLabor Market Unemployment Rate Natural Rate Unemployment Insurance Labor Force Survey
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