Tight job market keeps pressure on wages in Japan
The Straits Times|November 30, 2022
Japan's labour market showed further signs of tightening in October, a development that will help maintain upward pressure on wages.
Tight job market keeps pressure on wages in Japan

The job-to-applicants ratio climbed to 1.35 in October, meaning there were 135 jobs offered for every 100 applicants, the Labour Ministry reported on Tuesday. It was a slight rise from 134 positions a month earlier, and matched the economists' forecast.

A separate report also showed the unemployment rate remained low in October. The jobless rate stayed at 2.6 per cent, according to the Ministry of Internal Affairs.

The number of people with jobs in creased by about half a million compared with the year before, led by gains in the hospitality and medical sectors.

"The labour market is certainly tightening, but if you look at details, you see many openings in the service sector whose pay scale is low," said economist Takeshi Minami at Norinchukin Research Institute.

Diese Geschichte stammt aus der November 30, 2022-Ausgabe von The Straits Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 30, 2022-Ausgabe von The Straits Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE STRAITS TIMESAlle anzeigen
S'pore key for StanChart as trade, investments in Asean grow: CEO
The Straits Times

S'pore key for StanChart as trade, investments in Asean grow: CEO

Region starting to rival Greater China, S. Asia and Mid-East in contributing to bank's business

time-read
3 Minuten  |
September 16, 2024
Should you time your resignation to avoid losing out on bonus?
The Straits Times

Should you time your resignation to avoid losing out on bonus?

In this series, manpower reporter Tay Hong Yi offers practical answers to candid questions on navigating workplace challenges and getting ahead in your career. Get more tips by signing up to The Straits Times' HeadStart newsletter.

time-read
3 Minuten  |
September 16, 2024
Entrepreneur fails to stop bankruptcy action over $34 million business debt
The Straits Times

Entrepreneur fails to stop bankruptcy action over $34 million business debt

Court rejects her plan to repay banks via sale of properties, revenue from leasing

time-read
4 Minuten  |
September 16, 2024
Markets cheer prospect of Fed rate cuts
The Straits Times

Markets cheer prospect of Fed rate cuts

Expect more gains this week, although there are some minefields further ahead

time-read
4 Minuten  |
September 16, 2024
US companies avoiding layoffs, but hiring has slowed
The Straits Times

US companies avoiding layoffs, but hiring has slowed

As job growth has slowed and unemployment has crept up, some economists have pointed to a sign of confidence among employers: They are, for the most part, holding on to their existing workers.

time-read
3 Minuten  |
September 16, 2024
The Straits Times

Sustainable finance, GenAl among skills identified for those in banking

IBF and SkillsFuture working to build capabilities, particularly among SMEs

time-read
2 Minuten  |
September 16, 2024
The Straits Times

Saving S-E Asia's trees requires action on climate, land use: Study

Region's forests facing 'double whammy' of threats from climate change, deforestation

time-read
4 Minuten  |
September 16, 2024
The Straits Times

Only female in milling event out to break barrier

When Ms Shanice Wong, 20, realised she was the only female in a male-dominated event, she knew she had to rely on \"girl power\" to secure a win.

time-read
1 min  |
September 16, 2024
Poly student leans on hotel industry training
The Straits Times

Poly student leans on hotel industry training

A nosy handyman tests your professionalism. Attendees of a wedding party create a ruckus in the hotel lobby. A distraught guest crumbles in panic after losing her passport.

time-read
2 Minuten  |
September 16, 2024
Parlaying their skills at ‘Olympics'
The Straits Times

Parlaying their skills at ‘Olympics'

Duo fly the flag for S'pore with expertise in trains

time-read
3 Minuten  |
September 16, 2024