Analysts at Nomura are forecasting a June employment rate of 2.3% for Japanese economy, a rise of 0.1pp m-o-m, following a sharp decline of 0.3pp in May to 2.2%. Key Quotes “The job openings-to-applicants ratio, which tends to lead the unemployment rate, remained high in May at 1.60x, up 0.01 m-o-m, but the employment conditions DI in the Consumer Confidence Index, another employment-related sentiment indicator, was 48.3 in June, with the recovery still weak following the sharp decline in April.” “Although related indicators are going in different directions, when the unemployment rate has fallen sharply in the past, there has often been a rebound to a degree in the following month, and we therefore forecast a slight month-on-month rise in the unemployment rate for June.” “We expect the job openings-to-applicants ratio for June to come in at 1.60x, flat versus May. The new job openings-to-applicants ratio, a leading indicator of the job openings-to-applicants ratio, fell for the second month in May to 2.34x, and new job openings also turned down with a fall of 2.8% m-o-m, suggesting that the tightening in labor supply-demand might have settled down.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY stuck in 15-pips tight range above 111.00, awaits BoJ FX Street 5 years Analysts at Nomura are forecasting a June employment rate of 2.3% for Japanese economy, a rise of 0.1pp m-o-m, following a sharp decline of 0.3pp in May to 2.2%. Key Quotes "The job openings-to-applicants ratio, which tends to lead the unemployment rate, remained high in May at 1.60x, up 0.01 m-o-m, but the employment conditions DI in the Consumer Confidence Index, another employment-related sentiment indicator, was 48.3 in June, with the recovery still weak following the sharp decline in April." "Although related indicators are going in different directions, when the unemployment rate has fallen sharply in the past, there has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
