FXStreet (Guatemala) – Analysts at Nomura noted that the unemployment rate rises from October’s low of 3.1% in Japan.
Key Quotes:
“The unemployment rate in November rose 0.2ppt m-m to 3.3%, above the consensus forecast of 3.2%. A breakdown of the data shows that the number of employed persons fell 0.6% m-m while the number of unemployed persons rose a sharp 5.3%. The labor force participation rate declined 0.3ppt.
The number of employed persons fell by 380,000 m-m, with 280,000 of those being women. By industry, the number of persons employed in the manufacturing sector turned up, rising by 180,000, with the nonmanufacturing sector apparently behind the weakness in the employment conditions.
As indicated by November’s household spending figures, weak consumer spending may have been a factor. The pace of improvement in the employment environment does appear to have slowed in November.”
(Market News Provided by FXstreet)