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Taiwan's unemployment rate edges up to 4.03% in July
Taiwan Outlook | August 23, 2007 at 12:02 amby
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The China Post, TAIWAN - Taiwan's unemployment rate in July edged up to 4.03 percent from 3.96 percent in June due to an influx of recent graduates in the labor market, though down from 4.05 percent in the same month last year, the government statistics bureau announced yesterday.
"Since 2001, the unemployment rate in July on the Taiwanese market has never been so low," explained Huang Jiann-jong, deputy director of the Bureau of Census at the Directorate General of Budget, Accounting and Statistics (DGBAS). "Compared with countries like Germany, France or the United States, Taiwan's unemployment rate is the lowest," adding, however, that unemployment rates in Korea, Japan and Singapore are below 3.7 percent...