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No.55(2011/7/11)
The Economic and Labour Situation in Japan
Industrial Production
---Industrial production recovering after Great East Japan Earthquake---

Industrial production in May increased 5.7% over the previous month, registering a rise for the second consecutive month but down 5.9% from the previous year. The index in May was 88.8 (seasonally adjusted).
Industries that mainly contributed to the increase were as follows: (1) transport equipment, (2) general machinery, and (3) chemicals (excl.drugs), in that order.
Commodities that mainly contributed to the increase were as follows: (1) large passenger cars, (2) small passenger cars, and (3) large trucks, in that order.
According to the Survey of Production Forecast in Manufacturing, production was expected to increase 5.3% in June and also to rise 0.5% in July.

Family Income and Expenditure Survey in May
(1) Expenditure for two-or-more-person households
The average monthly consumption expenditure per two-or-more-person household for May was 276,159 yen, down 1.6% in nominal terms and down 1.9% in real terms from the same month in the previous year.
(2) Income and expenditures for workers' households
The average monthly income per household stood at 413,506 yen, down 1.9% in nominal terms and down 2.2% in real terms from the same month in the previous year. The average monthly consumption expenditure per household was 301,174 yen, down 0.7% in nominal terms and down 1.0% in real terms from the previous year.

Labour Force Survey Monthly Results
Since March 2011, labour force survey results for the whole of Japan have been published excluding the three prefectures that suffered the most damage in the Great East Japan Earthquake (Iwate, Miyagi, and Fukushima). Therefore, the time series data for the whole of Japan has not been connected to past series.
For comparison, retroactive data (from January 2009 through February 2011) are also shown in the tables below. "Change from previous year" indicates differences between data excluding the three prefectures.

(1) Employment
The number of employed persons in May 2011 was 60.19 million, an increase of 90,000, or 0.1%, over the previous year.

(2) Unemployment
The number of unemployed persons in May 2011 was 2.93 million, a decrease of 380,000, or 11.5%, from the previous year. The seasonally adjusted unemployment rate was 4.5%.

(10,000 persons)
  Actual figures Change from previous year
      (%)
Population aged 15 years or over 10,557 4 0.0
Labour force 6,312 -29 -0.4
Employed persons 6,019 9 0.1
Employees 5,276 55 0.4
Unemployed persons 293 -38 -8.8
Not in labour force 4,242 34 0.7
Labour force participation rate (%) 59.8 -0.3 -
Employment rate (%) 57.0 0.0 -
Unemployment rate, original series (%) 4.6 -0.6 -
  Current month Change from previous month(%)
Unemployment rate, seasonally adjusted (%) 4.5 -0.2 -
According to a separate report released by the Ministry of Health, Labour and Welfare, job availability did not improve in May, with the ratio of job offers to job seekers standing at 0.61, the same level as the previous month. This figure means that there were 61 jobs available for every 100 job seekers.

Consumer Prices
The consumer price index for Japan in May 2011 was 99.9 (2005=100), up 0.1% over the previous month and up 0.6% over the previous year.

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