Employee reward and benefits news
Japanese manufacturing employment expands
The number of jobs within Japan's manufacturing industry increased during May this year, as activity within the sector rose slightly.
New figures published by analyst Markit show that the pace of growth eased back from a nine-month high achieved in April, but manufacturers continued to provide employee reward schemes to more workers.
Job creation reached its highest level in almost four-and-a-half years, while input costs witnessed no change over the month from April.
Markit economist Alex Hamilton pointed to the reliance of the manufacturing sector on investment goods, while there was a contraction in both consumer and intermediate production.
However, he noted: "There was positive news on the employment front, however, with job creation the sharpest since December 2007."
This contrasts with the 0.4 per cent year-on-year decline in overall jobs in Japan during April 2012, when the number of people in work fell by 270,000 to 62.75 million compared with the previous year.
Posted by the Editorial Team
