Taiwan Jobless Rate Climbs as Europe Crisis Hits Exports
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Taiwan’s jobless rate climbed for the second straight month in May as a growth slowdown in China and the European debt crisis hurt the export-dependent economy.
The seasonally adjusted unemployment rate rose to 4.25 percent from 4.19 percent in April, the statistics bureau said in Taipei today. That compares with the 4.2 percent median estimate of nine economists surveyed by Bloomberg News.