Taiwan – Jobless rate rises slightly in May

The unemployment rate in Taiwan rose by 0.04% in May 2019 to 3.67% when compared to the same period last year according to data from the Directorate General of Budget Accounting and Statistics.

When compared to April 2019, the unemployment rate remained the same as the previous month. The seasonally adjusted unemployment rate rose by 0.02% month-to-month to 3.75%.

The number of unemployed persons stood at 437,000 in May, it remained the same compared to the previous month but increased by 7,000 (+1.68%) from the previous year.

Total employment increased by 73,000 (+0.64%) when compared with that of the previous year. Employment in agriculture, the goods-producing sector and the services-providing sector increased by 5,000(+0.88%), 11,000(+0.26%) and 58,000 (+0.85%), respectively.

Taiwan’s labour force participation rate was 59.07% in May, which increased by 0.01% and 0.21% from the previous month and that of the previous year, respectively.

According to Focus Taiwan, the Ministry of Economic Affairs attributed the lacklustre performance to the global economic slowdown, coupled with the ongoing trade war between US and China.

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/Taiwan-Jobless-rate-rises-slightly-in-May-50375