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Taiwan's April jobless rate falls to 4.07% (update)

Taiwan's April jobless rate falls to 4.07% (update)

Taipei, May 22 (CNA) Taiwan's jobless rate fell 0.1 percentage points in April from a month earlier to 4.07 percent, the lowest level since July 2008 when unemployment stood at 4.06 percent, the government said Wednesday. On a seasonally adjusted basis, however, the unemployment rate in April edged higher to 4.19 percent, up from 4.18 percent in March, the Directorate General of Budget, Statistics and Accounting (DGBAS) said. The DGBAS said the fall in the jobless rate before seasonal adjustments largely reflected a decline in the number of people quitting their jobs. The number of unemployed first-time jobseekers and of those who lost their jobs due to the termination of temporary contracts was also down during the month, the DGBAS said. The government agency said the slight increase in the seasonally adjusted jobless rate was not evidence of a worsening job market, noting that the April figure remained well off the monthly high in 2012 of 4.28 percent, and it called the current job market "stable." In April, a total of 464,000 people in Taiwan were out of work, down 11,000 from a month earlier, while 10.93 million people were employed during the month, up 8,000 from March, the DGBAS said. Five thousand fewer people became unemployed in April than in March because of quitting their jobs, the bureau said. There were also 2,000 fewer jobless first-time jobseekers and 2,000 fewer people who lost their temporary jobs than a month earlier. In the first four months of this year, Taiwan's nominal jobless rate averaged 4.16 percent, down 0.02 percentage points from a year earlier. When asked whether Taiwan's jobless rate could fall below 4 percent this year, Chen Min, deputy director of the DGBAS's census department, said it was too early to make a prediction because of unstable global economic conditions. Chen said the unemployment rate is likely to peak in the coming months, because new school graduates tend to look for jobs starting in May and during the summer months. The DGBAS will be able to give a more accurate estimate of the unemployment rate for 2013 after the summer vacation ends, when the state of the country's job market becomes clearer, Chen said. The April figures showed some improvement in the youth labor market, the government said. The jobless rate fell 0.31 percentage points to 13.04 percent in April among people aged 20-24 and also fell 0.31 percentage points to 6.87 percent in the 25-29 age bracket, DGBAS figures showed. Employment conditions for people with higher education degrees also improved, the DGBAS said, with the jobless rate for people with a university degree or higher falling 0.17 percentage points in April to 5.02 percent. (By Lin Hui-chun and Frances Huang)


Updated : 2021-07-25 02:34 GMT+08:00