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Taiwan's unemployment result of structural problems: minister

Taiwan's unemployment result of structural problems: minister

Taipei, Jan. 22 (CNA) Taiwan's unemployment is mainly the result of a structural problem whereby factories are unable to recruit enough basic-level workers while university graduates are unable to find jobs befitting their education, a senior economic official said Tuesday. This, according to Economic Planning and Development Minister Yiin Chii-ming, is a structural problem rather than a business circle dilemma. Yiin made the remarks in response to media inquiries after the release of new government data that day showing that Taiwan's unemployment rate dropped to 4.18 percent in December 2012, the lowest single-month level since June of that year. The 2012 unemployment stood at 4.24 percent, down 0.15 percent from a year earlier. Fixing the structural problem requires reforms of the relevant systems, including strengthening links between the vocational education system and industry, which would allow students to find jobs as soon as they graduate, he said. The government needs time to carry out such reforms, he said, reiterating that the government is making constant efforts to reduce the unemployment rate. Meanwhile, the Cabinet-level Council of Labor Affairs said it has planned 10 large-scale job fairs for this year, at which companies are expected to offer some 50,000 work opportunities. The first of the fairs is planned for February, the council said. (By Lin Hui-chun, Zoe Wei and Elizabeth Hsu)


Updated : 2021-07-26 07:14 GMT+08:00