Jobless rate down as economy recovers

CAUTIOUS:Despite the monthly decline, the jobless rate increased slightly from a year earlier, reflecting a conservative hiring policy, the DGBAS said in a report

Taipei Times
Date: Nov 23, 2016
By: Crystal Hsu / Staff reporter

The nation’s unemployment rate last month dropped to 3.95 percent, down 0.04 percentage points from September, as more recent graduates found jobs amid an economic recovery, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.

The jobless rate this month might decline further if the economy continues to improve, encouraging businesses to increase staff numbers, the DGBAS said in a report, adding that TransAsia Airways Corp’s (復興航空) decision to dissolve the company might affect the job market after the closure comes into effect.

“Unemployment eased last month as the local job market recovered from the entry of fresh graduates,” DGBAS senior executive officer Pan Ning-hsin (潘寧馨) said.

After seasonal adjustments, the unemployment rate stood at 3.9 percent, down 0.03 percentage points from the previous month, the DGBAS said.    [FULL  STORY]

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