Unemployment in Japan has fallen to its lowest level in 24 years as robust economic growth leads to a deepening shortage of labour.
The unemployment rate dropped 0.1 percentage points in November to 2.7 per cent, the lowest figure since December 1994 when Japan was descending into what had become known as its “lost decade”.
The continued drop in the unemployment rate, five years after Prime Minister Shinzo Abe began an economic stimulus, highlights the durability of the economic expansion under way in Japan.
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