Markets
U.S. open in 54 hrs, 33 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Taiwan jobless rate drops in October
AP
TAIPEI, Taiwan -Taiwan's jobless rate fell slightly to 5.96 percent in October as fewer people lost their jobs due to company layoffs, the government said Monday.
The Directorate-General of Budget, Accounting and Statistics said the unemployment rate dropped for the second month after reaching a high of 6.13 percent in August amid emerging signs of a global economic recovery.
The rate stood at 6.04 percent in September.
A total of 653,000 were unemployed in October, down from 660,000 in September, it said in a statement.
The island's jobless rate had climbed steadily since late 2008 when exports shrank amid the global financial meltdown.
Taiwan's economy contracted 7.5 percent in the second quarter. The government has predicted a 4 percent contraction in gross domestic product this year.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-23 04:29:57
COMMENTS ( 0 )