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The US economy lost 23,000 jobs in July, with the labor force participation rate falling to a five-year low of 61.4%. Job declines were widespread, including retail, hospitality, and government, while healthcare added positions.
For the first time, South Korea has over 10 million employed people aged 55 to 79, according to government data released on August 7. The employment rate for this age group reached a record 59.1%, reflecting the country's rapid aging population.
Many top graduates in South Korea are turning to Japan's labor market as stable jobs at home become increasingly scarce. A more open hiring culture and labor demand in Japan are drawing young workers seeking less pressure and better opportunities.
Japan's unemployment rate stayed at 2.5% in June, unchanged from May, according to the Ministry of Internal Affairs and Communications. The steady figure points to a stable labor market despite an uneven economic recovery and ongoing concerns over inflation.
Japan is expanding a new job-support service for disabled people, but bias concerns arise as providers may favor affiliated facilities. The program aims for inclusive employment but faces criticism over potential conflicts of interest.
The employment rate for Japanese university graduates as of April 1 reached 98%, unchanged from the previous year and the second-highest level ever recorded. This is the third consecutive year the rate has exceeded 97%, reflecting strong hiring demand from businesses amid an ageing population and labour shortages. Sectors like IT, healthcare and construction continue to lead in new graduate recruitment.
