New graduates swell ranks of unemployed

RISING INCOME:With the economy improving, the average monthly wage rose to NT$39,883 in May, or NT$48,848 with bonuses and other compensation

Taipei Times
Date: Jul 25, 2017
By: Crystal Hsu / Staff reporter

The unemployment rate rose to 3.74 percent last month, ending two months of decline, as new graduates and part-time workers entered the job market, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.

The number of unemployed — 440,000 people — might climb higher this month and beyond until the summer vacation comes to an end, the agency said.

“The nation’s jobless population increased by 9,000 last month as first-time job seekers picked up by an equal number, but fewer people quit or lost jobs to business closures and downsizing,” DGBAS Deputy Director Pan Ning-hsin (潘寧馨) told a news conference.

The unemployment rate gained 0.08 percentage points compared with May, but slid 0.18 percentage points from a year earlier, the DGBAS report showed.

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