Taiwan’s jobless rate drops to a five-year low

* In a mild but pleasant surprise, Taiwan's unemployment rate declined slightly in May to its lowest level in nearly five years. According to the Cabinet’s Directorate General of Budget, Accounting and Statistics (DGBAS), the island’s jobless rate in May was 4.06 percent, 0.01 percentage points lower than the level in April.

* It was also the same as that recorded in July 2008, which was almost five years ago. 
On a seasonally adjusted basis, however, the unemployment rate for May remained unchanged from April at 4.19 percent. In the first five months of the year, Taiwan’s overall unemployment rate stood at 4.18 percent.