Taiwan's jobless rate falls in July as COVID-19 outbreak eases
Taipei, Aug. 23 (CNA) Taiwan's unemployment rate fell from a month earlier in July as a COVID-19 outbreak that emerged in mid-May eased, helping stabilize the job market, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Monday.
The nominal unemployment rate dropped 0.27 percentage points to 4.53 percent in July from a month earlier, DGBAS data showed.
After seasonal adjustments, the unemployment rate was 4.36 percent, down 0.40 percentage points from June, according to the data.
There were 11.364 million people employed in July, up 63,000 from a month earlier, with the service sector, which was hit hard by the COVID-19 outbreak, registering the largest increase of 53,000.
Taiwan's unemployment rate rose to 4.11 percent in May and spiked to 4.80 percent in June (4.76 percent after seasonal adjustments), the highest since November 2010, as the job market was affected by the COVID-19 situation in the country, according to the DGBAS.
Cases rose suddenly to over 100 per day beginning in mid-May, leading to the shutdown of entertainment business, restrictions on consumer activity, such as suspending in-person dining, and exhortations to not go out unless necessary.
Under these restrictions, which have been gradually relaxed since the end of July, many retail and domestic travel businesses struggled to stay open and reduced staff to lower their costs.
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