Tue, Dec 23, 2008 - Page 1 News List

Unemployment at five-year high

HALF-MILLIONThe chief operating officer at 1111 Job Bank said government figures might underrepresent the actual figures, as some people are not listed as unemployed

By Crystal Hsu  /  STAFF REPORTER

Liu also called on the government bodies to keep working hard in carrying out the policy.

The government has come up with a series of trickle-down measures that officials have promised would support the banks, which in turn would support businesses, which would then support employees.

Aside from the short-term stimulus package meant to spur employment, a longer-term plan covering the period from next year until 2012 is in development.

As well as using persuasion, the Council of Labor Affairs is formulating a plan to subsidize companies that do not lay off workers.

ADDITIONAL REPORTING BY CNA

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