Unemployment in Taiwan Hits 24-Year Low for October at 3.4%

Unemployment in Taiwan stood at just under 3.4% in October, a fraction down from September and marking the lowest level for the month in 24 years.

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00:00Taiwan's unemployment rate last month stood at just under 3.4 percent, it's the lowest

00:06level for October in 24 years.

00:09The figure was fractionally down on September's number.

00:12An official said Taiwan's labor market is moving in a positive direction.

00:16They said unemployment is expected to drop further in November and December as consumption

00:21reaches a peak at the end of the year.

00:24By comparison, unemployment in the US was at 4.1 percent in October, 6.5 percent in

00:31Canada and 2.7 percent in South Korea.