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Asian Economic News

Japan Labor Cash Earnings Fall Unexpectedly In August

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Total labor cash earnings in Japan decreased unexpectedly in August, though marginally, preliminary report from the Ministry of Health, Labor and Welfare showed Friday.

Gross earnings dropped 0.1 percent year-over-year in August, reversing a 1.2 percent climb in July.

It was the first decline in three months. Economists had expected a 0.4 percent increase for the month.

Contractual gross earnings rose 0.3 percent annually in August, following a 0.1 percent rise in the previous month. Meanwhile, special cash earnings dipped 7.7 percent, in contrast to a 3.7 percent gain a month ago.

Annual growth in total real cash earnings eased to 0.5 percent in August from 1.8 percent in the preceding month.

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