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TOKYO， Nov. 29 (Xinhua) -- Japan's Household spending dropped a seasonally-adjusted 0.4 percent in October from a year earlier， down for the eighth consecutive month， government data showed Tuesday.
The average household spending in October dropped to 281，961 yen (about 2，517.3 U.S. dollars)， down 1.0 percent on a monthly basis compared to September， according to a preliminary report released by the Ministry of Internal Affairs and Communications，
The average monthly income per household stood at 485，827 yen (4，335.8 U.S. Dollars)， down 0.1 percent from a year earlier， while the average consumption expenditures per household was 305，683 yen (2，728.1 U.S. dollars)， down 1.5 percent on year.
Household spending figures are a key indicator of private consumption， which accounts for about 60 percent of Japanese gross domestic product.
Meanwhile， Japan's unemployment rate stood at 3.0 percent in October， unchanged from the previous month， according to a separate report from the ministry.
The unemployment rate for men dropped 0.1 percentage point to 3.2 percent in October， while the rate for women was up 0.1 percentage point to 2.7 percent.
The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve Giovani dos Santos Mexico Jersey , putting President Donald Trump's pick in a role of enormous influence in the world's largest economy.
Current Federal Reserve Chair Janet Yellen (left) and Federal Reserve Governor Jerome Powell (right), Yellen's successor.
Powell, a current Fed governor, was confirmed by a vote of 85-12, paving the way for him to replace current Chair Janet Yellen when she steps down next month.
In choosing to replace Yellen Diego Reyes Mexico Jersey , Trump dismantled another piece of his predecessor Barack Obama's legacy, making Trump the first US president in nearly 40 years not to reappoint the incumbent Fed chair.
Analysts say Powell's appointment offered Trump the chance both to remove an Obama appointee, while also signaling to markets that he favoured continuity with the slow and deliberate rate increases that had won Yellen plaudits at the end of her term.
In addition to being a Democrat and the first female chief of the US central bank, Yellen was also a defender of the regulations enacted following the financial crisis - putting her at odds with the current White House's deregulation agenda.
Powell, 64 Carlos Vela Mexico Jersey , had already been through the Senate confirmation process before becoming a Fed governor in 2012. Since then, he has never dissented from any of the ce. Wholesale Hoodie Wholesale Jerseys China Free Shipping Wholesale Hats Wholesale Nike NFL Hoodie Wholesale Hats Cheap NBA Hoodie Cheap Soccer Jerseys Cheap Hockey Jerseys Wholesale Football Jerseys China Online Wholesale College Jerseys From China