Taiwan’s unemployment rate improving

TAIPEI, Aug 23 (XINHUA//APP):Taiwan’s seasonally-adjusted unemployment rate dropped 0.02 percentage points month-on-month in July to 3.72 percent, according to the island’s statistical agency.

The average unemployment rate for the Jan-July period reached 3.70 percent, up 0.02 percentage points from the same period last year.

Across all age groups, people aged between 20 and 24 reported the highest unemployment rate of 12.70 percent in July, mainly because they were mostly working their first jobs and adjusting to the work environment.

They were followed by people aged between 15 and 19, for whom the jobless rate stood at 9.21 percent.

Individuals with a four-year college degree registered an unemployment rate of 5.51 percent in July, the highest among people of all educational backgrounds.

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