World Economy

Taiwan Jobless Rate Rises

 Taiwan Jobless Rate Rises Taiwan Jobless Rate Rises

Taiwan’s unemployment rate was 4.02% last month, up 0.10% from June, and 0.20% higher year on year, according to Taiwan’s statistics agency on Monday, Xinhua reported. There were around 472,000 unemployed people in Taiwan at the end of July and 11.275 million employed, a statement on the agency’s website said. New university graduates’ entry into the labor market in July were cited as having an effect on the figures. The seasonally-adjusted rate of unemployment for the month was 3.96%, flat with June, the agency added. The data also showed the island’s consumer price index registering a 0.22% monthly increase in July. The CPI was 1.23% higher year on year.