RARE PHENOMENON:DGBAS deputy section head Chang Yun-yun said that the 0.01% decline in unemployment is insignificant and indicated demand for labor is weakening
Date: Oct 23, 2015
By: Crystal Hsu / Staff reporter
The jobless rate eased to 3.89 percent last month, from 3.9 percent a month
earlier, dropping by the slowest pace for the period in seven years as the ongoing economic slowdown subdued a more noticeable seasonal decline, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The unemployment reading has shed 0.08 to 0.17 percentage points each September from 2009 to last year as the job market emerges from the impact of new graduates, DGBAS deputy section head Chang Yun-yun (張雲澐) told a press conference in Taipei.
“The 0.01 percentage point decline is insignificant and a rare phenomenon at this time of the year, indicating demand for labor is weakening amid the slowdown,” Chang said. [FULL STORY]