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.

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Taiwan Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.83 3.90 6.02 1.04 1978 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 08:00 AM May 4.16% 4.1% 4.1%
2020-07-22 08:00 AM Jun 3.97% 4.16% 4.2%
2020-08-24 08:00 AM Jul 3.9% 3.97% 4%
2020-09-22 08:00 AM Aug 3.83% 3.9% 3.9%
2020-10-22 08:00 AM Sep 3.83% 3.8%
2020-11-23 08:00 AM Oct 3.8%
2020-12-21 08:00 AM Nov 3.8%


News Stream
Taiwan August Jobless Rate At 5-Month Low of 3.83%
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.
2020-09-22
Taiwan Jobless Rate Edges Lower in July
Taiwan's seasonally adjusted unemployment rate fell for the second month to 3.9 percent in July of 2020 from 3.97 percent in June, after hitting an over six-year high of 4.16 percent in May, amid the coronavirus pandemic. The number of unemployed persons dropped by 7 thousand to 467 thousand and employment rose by 4 thousand to 111.495 million. The labor force participation rate declined by 0.02 percentage points to 59.12 percent.
2020-08-24
Taiwan Jobless Rate Falls from Over 6-Year High in June
Taiwan's seasonally adjusted unemployment rate fell to 3.97 percent in June 2020 from an over six-year high of 4.16 percent in the previous month, amid the coronavirus pandemic. The number of unemployed persons dropped by 24 thousand to 474 thousand in June, while employment rose by 12 thousand to 11.49 million. The labor force participation rate declined by 0.04 percentage points to 59.14 percent.
2020-07-22
Taiwan Jobless Rate Highest since 2013
Taiwan's seasonally adjusted unemployment rate increased to 4.16 percent in May of 2020 from 4.1 percent in the previous month. It was the highest jobless rate since October of 2013, mainly attributable to the coronavirus crisis. The number of unemployed persons rose by 7 thousand to 498 thousand in May of 2020, the highest since March of 2011. Meanwhile, employment was barely unchanged at 11.48 million. The labor force participation rate also remained steady at 59.18 percent, the lowest since June last year.
2020-06-22

Taiwan Unemployment Rate
In Taiwan, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.