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Taiwan's jobless rate edges up in June
Central News Agency
2014-07-22 11:20 AM
Taipei, July 22 (CNA) Taiwan's unemployment rate edged higher in June because of a jump in the number of new entrants into the job market but fell on a seasonally adjusted basis, government statistics showed Tuesday. The Directorate General of Budget, Accounting and Statistics (DGBAS) said Taiwan's nominal unemployment rate rose to 3.92 percent in June, up 0.07 percentage points from May, because of the influx of new college graduates looking for jobs for the first time. Adjusted for seasonal factors, including the expected rise in first-time job seekers, the jobless rate in June was 3.97 percent, down 0.02 percentage points from a month earlier, the DGBAS said. A total of 451,000 people were unemployed in June, up 8,000 from a month earlier, with the number of first-time job seekers who failed to land a job up 11,000, and the number of those who quit jobs to seek new ones up 2,000. However, the number of those who lost their jobs in June because of business closures or downsizing fell 2,000 from a month earlier, and the number of those who were unemployed because their temporary job contracts expired dropped 1,000. (By Chang Chun-mao and Frances Huang)
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