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Taiwan’s April unemployment rate drops to 4.29 percent

05-26-2011 08:48 AM CET | Politics, Law & Society

Press release from: Presseabteilung Taipeh Vertretung

By Meg Chang

Taiwan’s jobless rate fell 1.1 percentage points year on year to 4.29 percent in April, its lowest level since October 2008, according to the Directorate-General of Budget, Accounting and Statistics May 23.

“This improvement can be partly attributed to the seasonal effect,” said Chen Min, deputy director of the DGBAS Fourth Department. “Taiwan’s lowest unemployment rate tends to occur in either April or at the end of the year.”

The latest DGBAS tallies reveal that 477,000 were jobless, down 19.56 percent from a year ago. Chen said the change stems from Taiwan’s improving economy, which has seen 234,000 jobs created mainly in the manufacturing and retail and wholesale sectors.

Despite this strong showing, the DGBAS said Taiwan’s performance lagged behind those of Hong Kong, Singapore and South Korea at 3.5 percent, 1.9 percent and 3.6 percent respectively.

A breakdown of the nation’s labor force numbers shows those with tertiary level education suffered the highest rate of unemployment at 4.8 percent. Individuals with senior high school education were No. 2 with 4.7 percent.

“As the job market looks set to remain tight, we expect to see milder unemployment when this year’s university graduates hit the job market in June,” Chen said.

The DGBAS official added that Taiwan’s salaries improved for the first quarter on the back of higher year-end bonuses.

“The average monthly wage climbed to NT$56,434 (US$1,945), an all-time record,” Chen said. “After adjustment of 1.28 percent for inflation, first quarter real salary growth was 3.46 percent.”

Taiwan Today, Government Information Office, Republic of China (Taiwan), 24.05.2011

Die Presseabteilung der Taipeh Vertretung mit Sitz in Berlin bietet folgende Dienstleistungen an: Erläuterung der Politik und der Entwicklung der Republik China (Taiwan), Verbreitung von Stellungnahmen und Pressemitteilungen von taiwanischer Seite sowie Beantwortung von Fragen über das Land;
Angebot von Informationsmaterial über Taiwan in deutscher, englischer, und chinesischer Sprache (Broschüren, Filme, Videos, DVDs, Diafilme, CDs);
Anlaufstelle für deutsche Medienvertreter, Angebot von Informationsreisen nach Taiwan für deutsche Journalisten;
Organisation von Veranstaltungen mit dem Ziel, Kontakte zwischen Deutschland und Taiwan zu vertiefen (Vorträge, Seminare, Ausstellungen, Filmfestivals etc.);
Sonstige Öffentlichkeitsarbeit

Presseabteilung Taipeh Vertretung
Markgrafenstraße 35
10117 Berlin
Tel.: 030-20361 400
Fax: 030-20361 410
E-Mail: pressetaipeh-berlin@gmx.de

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