Taiwan’s jobless rate falls in September for 2nd straight month

Taipei,  Taiwan’s unemployment rate fell for the second consecutive month in September as the economy gradually recovered and many new college graduates landed jobs, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Thursday.

The September unemployment rate stood at 3.83 percent, down 0.16 percentage points from a month earlier, indicating an improving domestic economy, data compiled by the DGBAS showed.

After seasonal adjustments, it dropped 0.05 percentage points from a month earlier to 3.78 percent, according to DBGAS data.

The number in employment stood at 11.50 million, down 3,000, or 0.03 percent, while the number of unemployed fell 20,000, or 4.24 percent, from a month earlier to 458,000 in September, the data indicated.

In September, the DGBAS said, the labor participation rate dropped 0.11 percentage points from a month earlier to 59.12 percent.

The jobless rate began to increase in February due to the impact of COVID-19 and peaked in May, but fell in June when some economic activities resumed, said Chen Hui-hsin (陳惠欣), deputy director of the DGBAS census department.

In July, the COVID-19 pandemic affected new graduates and their ability to enter the workplace, resulting in an increase in unemployment.

In August, the jobless rate dropped from a month earlier as domestic economic activity showed signs of increasing amid eased concerns over the COVID-19 pandemic, according to Chen.

Normally, the number of unemployed in September drops 2,000-16,000 from a month earlier, but this year there was a decline of 20,000 from August due to the improving domestic economy, Chen added.

 

Source: Focus Taiwan News Channel

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.