The seasonally adjusted unemployment rate in Taiwan inched lower to 3.72 percent in March of 2021 from 3.73 percent in the previous month. It was the lowest jobless rate since February of 2020, as the number of unemployed persons fell by 5 thousand to 445 thousand, compared to the same month in the previous year, and the number of employed rose by 6 thousand to 11.529 million. Meantime, the labor force participation rate inched higher to 59.20 percent, from 59.19 in March of 2020. source: National Statistics, Republic of China
Unemployment Rate in Taiwan averaged 3.09 percent from 1978 until 2021, reaching an all time high of 6.02 percent in July of 2009 and a record low of 1.04 percent in February of 1979. This page provides the latest reported value for - Taiwan Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Unemployment Rate in Taiwan is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Taiwan to stand at 4.10 in 12 months time. In the long-term, the Taiwan Unemployment Rate is projected to trend around 4.20 percent in 2022 and 4.50 percent in 2023, according to our econometric models.