Japanese wages down for fifth month
Afp, Tokyo
Japan's average monthly cash wages fell for a fifth straight month in April despite a drop in unemployment to a nine-year low, the government said Thursday. Average monthly cash earnings per regular employee fell by 0.7 percent in April to 278,193 yen (2,287 dollars) after a 0.1 percent drop in March, the Ministry of Health, Labour and Welfare reported. The drop reflected an increase in the number of lower-paid part-time workers and the entry of graduates into the workforce at the start of the new business year, analysts said. The number of regular employees rose 1.6 percent, with part-timers up 3.6 percent and full-time workers up 0.8 percent. The Japanese government reported Tuesday that unemployment fell to 3.8 percent in April, the lowest level since March 1998.
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