Taiwan's unemployment rate went up marginally to 3.73 percent in August 2019 from 3.72 percent in the previous month, as the number of unemployed rose slightly by one thousand to 446 thousand while the number of employed increased by 6 thousand to 11.512 million. The labor force participation rate edged up to 59.20 percent in August from 59.19 percent in the previous month. Unemployment Rate in Taiwan averaged 3.07 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.