The unemployment rate in Japan remained constant in November according to data reported by the Ministry of Internal Affairs and Communications. The jobless rate stood at 2.5 percent, correlating with economists’ predictions. The number of unemployed individuals went up by 40,000 from the previous year, totaling 1.69 million. The jobs-to-applications ratio decreased to 1.28 percent at the same time. Economist Gabriel Ng from Capital Economics predicted that the labor market will remain steady in the coming year as GDP growth is expected to slow down in 2024. In other reports, services producer price inflation from the Bank of Japan held steady at 2.3 percent in November and core inflation fell to 2.7 percent from 3.0 percent in October.