The seasonally adjusted unemployment rate in Taiwan turned higher to a seven-month high of 3.73 percent in May of 2022, from 3.68 percent in the previous month, amid its worst virus wave since the beginning of the pandemic. The number of unemployed persons rose by 4 thousand to 441 thousand, and the number of employed dropped by 34 thousand to 11.402 million. Meanwhile, the labor force participation rate edged down to 59.15 percent in May, from 59.23 percent in the prior month. source: National Statistics, Republic of China
Unemployment Rate in Taiwan averaged 3.11 percent from 1978 until 2022, 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 June of 2022.
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. In the long-term, the Taiwan Unemployment Rate is projected to trend around 3.71 percent in 2023, according to our econometric models.