November Monthly Economic Report Employment situation revised downward for the first time in 5 years November 22 18:12
In this month's monthly economic report, the government revised its “Employment Situation” downward for the first time in five years because the number of new job openings in the manufacturing industry has decreased. However, we maintained the judgment that the domestic economy as a whole has been recovering moderately.
The monthly economic report shows the government's official recognition of the economy, and the contents of November were compiled at the relevant ministerial meeting on the 22nd.
According to this, in the “Employment situation”, while the ratio of effective job offers is high, the number of new job offers in the manufacturing industry has decreased. We revised downward to judgment that "we do".
The downward revision of the employment situation is the first in five years.
Also, “Corporate earnings” has been revised downward to reflect that the manufacturing industry's business performance has deteriorated due to the impact of trade friction between the US and China. Did.
On the other hand, “Personal consumption” maintained the judgment of “Recovering”.
Regarding the impact of the consumption tax hike, sales of household electrical appliances and automobiles declined last month, but sales at supermarkets are starting to recover this month.
Based on these factors, we maintained the judgment that the domestic economy was recovering moderately, although weakness was prolonged mainly in exports.
On the other hand, regarding overseas economies, the judgment was revised downward for the first time in three months due to the economic slowdown in China and Germany, and it was necessary to keep an eye on trends.