Taiwan's jobless rate maintains 2-year low of 4.7%

[dArKeR]

Taiwan's jobless rate held at a two- year low in December as companies such as AU Optronics Corp. and Taiwan Semiconductor Manufacturing Co. stepped up hiring to meet increased export orders.

The unemployment rate, seasonally adjusted, was 4.7 percent, unchanged from November, the Directorate-General of Budget, Accounting & Statistics said in a statement in Taipei. That's the lowest its been since June 2001. The number of people out of work fell to 465,000 from 477,000 a month earlier, helped by a NT$20 billion (US$599 million) government jobs program.

Taiwan's electronics makers are expanding to meet surging demand in neighboring China, where factory production is growing at a record pace and per capita disposable incomes in towns and cities last year topped US$1,000 for the first time. That's helping to create jobs and revive growth in an economy that suffered its worst recession on record in 2001.

http://www.etaiwannews.com/Business/2004/01/29/1075344686.htm

I wonder if Chen can run against Chimpy win and lead America?

[mhr]

1. Low Unemployment There, High Unemployment Here, See A Connection?

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