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Japan job availability at 2-year high

03-01-2011 12:30 BJT

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Japan's jobless rate held steady in January and availability of jobs improved to a 2-year high. Data from the Ministry of Internal Affairs and Communications show the seasonally adjusted unemployment rate was unchanged at 4.9 percent in January, while the jobs-to-applicants ratio rose slightly, to the highest level since January 2009.

Analysts say the data adds to growing signs the economy is gradually recovering from stagnation. But household spending marked its fourth straight month of annual declines in January. But the pace of the fall did slow from the previous month.

Analysts say that suggests improvements in the job market may nudge consumers to loosen their purse strings.

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Editor:Xiong Qu |Source: CNTV.CN

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