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    Forums ›› Main ›› Economics ›› Japan unemployment rises from 4.1 to 4.5 %  


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ASusilovic
 

Registered: May 2007
Posts: 9768

 

11-29-11 08:25 AM

“With the number of jobs in manufacturing falling, we’re already starting to see the impact of the global economic slowdown,” said Yoshimasa Maruyama, an economist at Itochu Corp. in Tokyo. In the event of any global financial crisis, “exports will fall off a cliff,” Maruyama said.

http://www.bloomberg.com/news/2011-...ps-to-4-5-.html

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Debaser82
 

Registered: Aug 2008
Posts: 3477

 

11-30-11 08:57 AM

I have a friend that went to Japan this year and he said people do the most stupid jobs there that have been extinct elsewhere for decades.

Like waving to people on the freeway.

With jobs like that it's not suprising you have 4% unemployment.

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maninjapan
 

Registered: May 2007
Posts: 551

 

11-30-11 11:16 AM

Yes, it really needs to be seen to be believed. They have old men who probably should have retired years ago working as 'security guards' at stores and working with road work crews to stand there waving on traffic, when they are fixing a footpath..... on a back street..... at 2am in the morning.......

And that isn't even an exaggeration. You only have to walk around for a day here and it becomes quickly apparent as to how they keep their unemployment % so low

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FixedGrin
 

Registered: Aug 2011
Posts: 418

 

11-30-11 05:07 PM

to be honest, i love waving! i should move to japan

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Thermactor
 

Registered: Mar 2007
Posts: 1440

 

12-01-11 03:49 AM


Quote from maninjapan:

Yes, it really needs to be seen to be believed. They have old men who probably should have retired years ago working as 'security guards' at stores and working with road work crews to stand there waving on traffic, when they are fixing a footpath..... on a back street..... at 2am in the morning.......

And that isn't even an exaggeration. You only have to walk around for a day here and it becomes quickly apparent as to how they keep their unemployment % so low

Fascinating... I'm genuinely intrigued by this. I have heard of "freeters" in the Japanese economy rounding out the share of young un- or under-employed people, can you share more about what you've come across in your experience about this?

Thanks, I appreciate your post.

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