The lingering euro-zone sovereign debt crisis could pose "meaningful risk" to Taiwan's labor market, exports and industrial sectors in the coming quarters, says JP Morgan in a note. The house notes that May global manufacturing PMI and Taiwan manufacturing PMI must be closely watched "with regard to the near-term momentum in the manufacturing sector." Taiwan's April jobless rate dropped to 4.10% vs 4.17% in March, but seasonally-adjusted unemployment rate rose to 4.19% from 4.14% in the previous month.
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