Taiwan's unemployment rate came in at 3.72 percent in July 2019, little-changed from 3.74 percent in the previous month, as the number of unemployed decreased by two thousand to 445 thousand while the number of employed increased five thousand to 11.506 million. The labor force participation rate edged up to 59.19 percent in July from 59.18 in the previous month. Unemployment Rate in Taiwan averaged 3.06 percent from 1978 until 2019, 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.
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 4.00 in 12 months time. In the long-term, the Taiwan Unemployment Rate is projected to trend around 4.10 percent in 2020, according to our econometric models.