Japan's unemployment rate rose to 2.6 percent in February from 2.4 percent in the previous month, marking the first increase in seven months as more people entered the job market amid higher living costs, the government says.
Japan's labor market may be at an inflection point as the nation braces for a shortfall of millions of workers, the rise of generative AI and risks to economic security.
Over 50 percent of those aged 60 through 74 years old in Japan over recent years have remained unemployed despite wishing to be in work, a recent survey by a human resources company has found, even as the country faces a labor shortage.
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