The seasonally adjusted unemployment rate in Taiwan dropped to 3.73 percent in February of 2021 from 3.75 percent in the previous month. It was the lowest jobless rate since February, as the economic activity recovers amid eased concerns over the COVID-19 pandemic. Still, the number of unemployed persons rose by 8 thousand to 446 thousand while the number of employed went down by 6 thousand to 11.521 million. Meantime, the labor force participation rate remained steady at 59.14 percent. source: National Statistics, Republic of China
Unemployment Rate in Taiwan averaged 3.09 percent from 1978 until 2021, 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 April of 2021.
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 4.20 percent in 2022 and 4.50 percent in 2023, according to our econometric models.