Taiwan’s jobless rate showed slight drop in March

Taipei-Taiwan’s unemployment rate edged down in March, showing a decline of 0.03 percentage points from a month earlier and 0.05 percentage points year-on-year, a government agency reported Thursday.

After seasonal adjustment, the country registered a jobless rate of 3.72 percent in March, down 0.01 percentage points from February, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS).

The seasonally adjusted rate was lower than that of many other countries, including Canada (7.5 percent), Hong Kong (7.2 percent), the United States (6.0 percent), and South Korea (3.9 percent), the DGBAS data showed.

In March, 439,000 people in Taiwan were out of work, 0.85 percent lower than the previous month, while the number of employed workers rose 0.06 percent to 11.521 million, according to the data.

The unemployment rate edged down in March mainly because domestic economic activity began to recover amid easing concerns over the COVID-19 pandemic, according to the DGBAS.

Source: Focus Taiwan News Channel