24 October 2003, 09:48 Japan Sept jobless rate seen at 5.1%
TOKYO, Oct 24 - Japan's unemployment rate was
likely unchanged in September from August's 5.1 percent figure,
according to the majority of economists polled by , an
improvement from a record high 5.5 percent earlier this year but
far from a full recovery.
Of the 27 economists polled, 16 saw the jobless rate at 5.1
percent while 10 forecast a rise to 5.2 percent and one saw a
rise to 5.3 percent.
Economists said company profits are improving, but this is
largely a result of restructuring and means many are not ready to
increase staff just yet.
"With a recovery in corporate profits there are signs of
brightness in the employment situation," said Junji Ohta, an
economist at Okasan Research Institute.
Ohta, who sees the jobless rate at 5.1 percent, said the
effect of the recent rise of the yen on exporters' profits is a
concern, and may constrain any improvement in the employment
situation.
"While it is not at a level to do great damage, it could
adversely affect sentiment," he said.///
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