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Taiwan's jobless rate drops to 40-month low in December

2012/01/30 21:12:51

Taipei, Jan. 30 (CNA) Taiwan's unemployment rate fell in December to its lowest monthly level since prior to the 2008 financial crisis, according to figures released by the country's statistics bureau Monday.

Taiwan's unemployment rate in December was 4.18 percent, down 0.1 percentage points from the previous month and the lowest since it hit 4.14 percent in August 2008, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported.

The seasonally adjusted unemployment rate in December also was down 0.1 percentage points from the previous month to 4.22 percent, also the lowest since August 2008, the figures showed.

In December, Taiwan's workforce stood at 10,802,000 people, up by 0.13 percent, or 14,000 people, from the month-earlier level.

The number of jobless people was 471,000, down 11,000 from a month earlier, according to Chen Min, a deputy director of the DGBAS' Fourth Department in charge of census and sampling surveys.

Some lost their jobs due to operation cutbacks or temporary work shutdowns, while others were laid off because of seasonal fluctuations in their sectors, Chen said.

For 2011 as a whole, Taiwan's unemployment rate was 4.39 percent, down 0.82 percentage points from 2010 but still higher than the 3.91 percent recorded for 2007 before the financial crisis hit, the DGBAS reported.

In 2011, an average of 491,000 people were out of work in Taiwan, down by 86,000 from 2010.

(By Lin Hui-chun and Deborah Kuo)