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Japan's jobless rate at 20-year low; consumer spending drops TOKYO (AP) -- Japan's jobless rate fell to a 20-year low in October, but consumer spending and incomes also edged down as the tight labor market failed to spur significant increases in wages. The latest figures are likely to help Prime Minister Shinzo Abe's effort to cajole companies into offering higher wages, to accelerate inflation by raising consumer demand through higher incomes. So far, short-handed employers have resorted to use of overtime and hiring more temporary workers, seeking to av...
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