Taiwan's seasonally adjusted unemployment rate fell for the third straight month to 3.83 percent in August of 2020 from 3.90 percent in the prior month. It was the lowest jobless rate since March, as the economy gradually recovers from the pandemic blow. The number of unemployed persons decreased by 9 thousand to 458 thousand while employment dropped by 1 thousand to 11.494 million. The labor force participation rate went down by 0.05 percentage points to 59.07 percent.
Unemployment Rate in Taiwan averaged 3.08 percent from 1978 until 2020, 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 October of 2020.
Unemployment Rate in Taiwan is expected to be 3.80 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 3.70 in 12 months time. In the long-term, the Taiwan Unemployment Rate is projected to trend around 3.70 percent in 2021 and 4.20 percent in 2022, according to our econometric models.