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The Economic and Labour Situation in Japan in August 2010

Industrial Production

Industrial production in August declined 0.3% from the previous month, showing a decrease for the third consecutive month but a year-on-year increase of 15.4%. The seasonally adjusted index in August was 94.5.
Industries that mainly contributed to the decrease were (1) general machinery, (2) iron and steel, and (3) other manufacturing, in that order.
Commodities that mainly contributed to the decrease were (1) reaction vessels, (2) active matrix LCDs (liquid crystal devices), and (3) large trucks, in that order.
According to the Survey of Production Forecast in Manufacturing, industrial production is expected to decrease 0.1% in September and 2.9% in October.

Family Income and Expenditure Survey

(1) Expenditure for two-or-more-person households
The average monthly consumption expenditure per two-or-more-person household in August was 293,361 yen, up 0.8% in nominal terms and up 1.7% in real terms over the previous year.

(2) Income and expenditure for workers' households
The average monthly income per household stood at 470,717 yen, up 0.9% in nominal terms and up 1.8% in real terms over the previous year.

The average consumption expenditure was 323,758 yen, up 1.8% in nominal terms and up 2.7% in real terms over the previous year.

Labour Force Survey Monthly Results

These survey results, released by the Ministry of Health, Labour and Welfare on October 1, showed the following:

(1) Employment
The number of employed persons in August was 62.78 million, a decrease of 180,000, or 0.3%, from the previous year.

(2) Unemployment
The number of unemployed persons in August was 3.37 million, a decrease of 240,000, or 6.6%, from the previous year.
The seasonally adjusted unemployment rate was 5.1%.

(10,000 persons)
  Actual figures Change from previous year
Population aged 15 years and over 11,049 (-1) -0.0
Labour force 6,615 (-42) -0.6
Employed persons 6,278 (-18) -0.3
Employees 5,463 (-2) -0.0
Unemployed persons 337 (-24) -6.6
Not in labour force 4,430 (+40) 0.9
Labour force participation rate (%) 59.9 (-0.3)  
Employment rate (%) 56.8 (-0.2)  
Unemployment rate, original series (%) 5.1 (-0.3)  
  Current month Change from previous month
Unemployment rate, seasonally adjusted (%) 5.1 -0.1  
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