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IPFS News Link • Economy - International
Japanese unemployment just hit a 20-year low at a level the West could only dream of
• Business InsiderUK and US unemployment levels are pretty low by post-crisis standards, but they are still considerably higher than Japan's. In October, the UK's came in at 5.4%, and the US is at 5%.
It's popular to bash Japan's economy, particularly because of its lack of growth — but a significant part of that is down to the fact that Japan has an ageing and shrinking population. On a per-capita basis, people aren't worse off.
Here's how Japan's jobless situation looks over the past 25 years: