The ratio of job offers to applicants increased slightly
The unemployment rate in October announced by the Ministry of Internal Affairs and Communications was 3.1%, up 0.1 points from the previous month. The employment situation has deteriorated due to the influence of the new coronavirus, and the 3% level has been in the 3% range for 3 consecutive months. The number of unemployed was 2.14 million, 80,000 more than the previous month.
On the other hand, the effective ratio of job offers to applicants in October announced by the Ministry of Health, Labor and Welfare on the 1st were 1.04 times, which is 0.01 points higher than the previous month. It had deteriorated for 9 consecutive months until September due to the influence of the new coronavirus, but it has improved slightly. However, the Ministry of Health, Labor, and Welfare have stated that "it cannot be judged that it has turned to a recovery trend."
The job openings-to-applicants ratio indicates how many jobs there are per job seeker. In October, the number of effective job offers increased by 2.2% from the previous month, exceeding the increase in effective job seekers. By place of employment, 13 prefectures are 4 less than the previous month. The lowest was 0.73 times that of Okinawa prefecture, and the highest was 1.58 times that of Fukui prefecture.
However, new job openings decreased by 23.2% year-on-year, down for 10 consecutive months. Accommodation and food service industries decreased by 38.2%, and lifestyle-related services and entertainment industries decreased by 35.4%, and all industries fell below the same month last year.