May unemployment rate 3.27 % hits 26-year low - Taipei Times

POCKETS OF RESISTANCE:

Long-term joblessness, as well as a dearth of positions for younger workers entering the market after graduating from college, remains

By Crystal Hsu / Staff reporter

Taiwan’s unemployment rate fell to 3.27 percent last month, the lowest level for May in 26 years, as a strong economy and resilient domestic demand continued to support job creation, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The number of unemployed people declined to 393,000, while total employment increased, pushed by solid labor market conditions and buoyant economic activity, the statistics agency said.DGBAS Census Department Deputy Director Tan Wen-ling (譚文玲) said wealth effects from a rally in the local stock market helped lift private consumption, which in turn supported hiring in domestically oriented service industries.

People walk across a street in Taipei’s Neihu Technology Park yesterday.