Jobless rate increases to record high in Taiwan
Source: Agencies |
August 25, 2009, Tuesday
|
Print Edition
Print Edition
TAIWAN'S jobless rate hit a record high of 6.1 percent in July, authorities said yesterday, as new graduates entered the job market and started to look for work amid a recession.
A total of 663,000 people were unemployed, up from 647,000 in June. It was the third straight month Taiwan's unemployment rate hit a record high.
The loss of temporary jobs was another factor for rising unemployment, authorities said.
Taiwan's economy contracted 7.5 percent in the second quarter, and the government has predicted gross domestic product to shrink 4 percent this year.
A devastating typhoon this month has resulted in more than US$2 billion in farm and property damage, but its impact on the economy will be offset by huge government reconstruction spending, officials said.
Taiwan approved a NT$100 billion (US$3 billion) rebuilding fund to be spent over the next three years.
A total of 663,000 people were unemployed, up from 647,000 in June. It was the third straight month Taiwan's unemployment rate hit a record high.
The loss of temporary jobs was another factor for rising unemployment, authorities said.
Taiwan's economy contracted 7.5 percent in the second quarter, and the government has predicted gross domestic product to shrink 4 percent this year.
A devastating typhoon this month has resulted in more than US$2 billion in farm and property damage, but its impact on the economy will be offset by huge government reconstruction spending, officials said.
Taiwan approved a NT$100 billion (US$3 billion) rebuilding fund to be spent over the next three years.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
