The seasonally adjusted unemployment rate dropped to 4.1 percent in July from 4.2 percent in June, while the ratio of job offers to job seekers in July marked the highest level in 14 years, according to government data released Tuesday.
The jobless rate matched the average market projection of 4.1 percent, bolstering the view that the employment situation continues to improve on the back of a sustained economic recovery.
The ratio of job offers to seekers came to a seasonally adjusted 1.09 in July, up 0.01 point from the previous month and hitting its highest level since June 1992, the Health, Labor and Welfare Ministry said.