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Taiwan jobless rate spikes to 7-year high on virus curbs

Published 07/06/2021, 05:40 AM
Updated 07/06/2021, 05:45 AM
© Reuters. FILE PHOTO: Trainees learn how to build and operate an EUV machine at the training center at ASML Holding in Tainan, Taiwan, August 20, 2020. REUTERS/Ann Wang

TAIPEI (Reuters) - Taiwan reported on Tuesday its unemployment rate hit a more than seven-year high of 4.15% in May, when curbs began being imposed on the entertainment and hospitality sectors to help stop the spread of COVID-19 cases.

May's jobless rate was the highest since October of 2013, when it hit 4.17%.

Taiwan raised its alert level in May to control a spike in infections, limiting personal gatherings, closing entertainment venues and stopping restaurants from offering anything but take out service.

© Reuters. FILE PHOTO: Trainees learn how to build and operate an EUV machine at the training center at ASML Holding in Tainan, Taiwan, August 20, 2020. REUTERS/Ann Wang

However, case numbers are now declining, and the Cabinet said on Monday ministries and officials should make preparations to ease restrictions.

Despite the domestic coronavirus outbreak, export-reliant Taiwan's key semiconductor industry has been largely unaffected.

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