Unemployment at 8-year high; employment numbers see biggest drop in history thanks to pandemic restrictions

The economic effects of Taiwan’s Level 3 epidemic restrictions have been felt in the employment sector, with unemployment up, and employment numbers seeing biggest drop in history on a month by month basis, according to May data released by the Directorate-General of Budget, Accounting and Statistics today, July 6. The unemployment rate for May rose to 4.11%, up from 3.64% in April, marking the highest unemployment rate since 2013. The human resources survey data was collected between May 23 and

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