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Taiwan aims to create 100,000 jobs: Ma

Taiwan aims to create 100,000 jobs: Ma

Taiwan's President Ma Ying-jeou said yesterday his government aimed to create 100,000 jobs this year in a bid to cut the island's unemployment rate significantly.
Taiwan's Council for Economic Planning and Development has set a target for lowering the island's jobless rate from just under six percent in 2009 to 4.9 percent this year, a goal that Ma said would be "no easy task."
To help achieve that target, "the government will try to create up to 100,000 jobs this year," Ma said during a trip to Hualien, in eastern Taiwan, without providing details of the job-creation scheme.
He said there were encouraging signs for employment, including a gradual recovery in the the high-tech and electronic sectors and a consecutive decline in the unemployment rate for the last four months of 2009.
The island's unemployment rate came in at 5.8 percent in December, the lowest rate in eight months and down from 5.98 percent in the previous month, the Directorate-General of Budget, Accounting and Statistics said.
The jobless rate for the full year of 2009 was 5.85 percent, compared with 4.15 percent in 2008.
Unemployment in Taiwan hit a record high of 6.13 percent in August as the global economic meltdown dealt a heavy blow to the island's export-dependent economy.
The economy contracted 1.29 percent year-on-year in the third quarter, the slowest pace of decline in a year as world trade picked up.