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Oct. job openings ratio highest since Jan. 1974

Jiji Press TOKYO (Jiji Press) — The seasonally adjusted ratio of effective job openings to seekers in October rose 0.03 point from the previous month to 1.55, the highest level since January 1974, the Health, Labor and Welfare Ministry said Friday.

The figure grew for the first time in four months, as job openings increased in a wide range of industries, mainly in the manufacturing sector, reflecting the country’s moderate economic recovery.

Separately, the Internal Affairs and Communications Ministry said the country’s seasonally adjusted unemployment rate stood at 2.8 percent in October, unchanged since June.

The employment situation is “steadily improving,” a ministry official said.

The job openings-to-seekers ratio shows the number of jobs available to each job seeker registered at Hello Work public job placement offices nationwide.

The ratio had stood at 1.52 for three consecutive months through September.

In October, the number of effective job openings rose 1.0 percent, while that of job seekers decreased 0.5 percent.

New job vacancies increased in the automobile and housing-related sectors in the manufacturing industry. Sizable growth was seen in the medical and welfare service sectors.

The ratio for regular jobs rose 0.01 point from the previous month to 1.03.

By prefecture where job openings were registered, the ratio was highest in Tokyo, at 2.1, while the lowest reading, at 1.14, was logged in Hokkaido and Okinawa Prefecture.

The number of jobless people in the country decreased by 10,000 to 1.87 million after seasonal adjustment, the internal affairs ministry also said.

The number of people who voluntarily quit jobs to search for better ones fell by 70,000, while that of those who left involuntarily increased by 10,000.Speech

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