Corporate Intentions Continue to Signal Reduction in Employment

the Survey Analysis Team 

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Although the perception of business conditions among companies appears to be bottomingout, Japan's unemployment rate as of last August remained stubbornly high at 4.7%, with 3.2million jobless persons.

In the context of this severe macroeconomic situation, this paper briefly examines the employmentpicture at the company level based on results from the Nissay Business Conditions Survey.The latest semiannual survey, conducted last August by Nippon Life Insurance Co. andNLI Research Institute, covered 3,677 mostly small and mid-sized companies nationwide. Weanalyzed the results pertaining to employment and human resource management strategies todetermine present employment conditions and future trends.

the Survey Analysis Team

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