Taiwan’s job market stabilises as unemployment drops

Taiwanese government statistics showed that the job market is stabilising as the number of unemployed decreased by 1.23% in November.

According to official data unemployment dropped 0.05 percentage points from a month earlier to 3.7%. This figure indicates a stable job market. From data compiled by the Directorate-General of Budget, Accounting, and Statistics, on a year-on-year basis the unemployment rate dropped 0.01 percentage points. The unemployment data in November was the lowest for the month in 18 years.

The number of people classified as unemployed last month shrank by 5,000, (1.23%), to 441,000. Conversely, employment numbers increased by 15,000, (0.13%), to 11.48 million.

The number of first-time jobseekers also dropped by 3,000 from the previous month, while those who lost jobs due to business closures or downsizing dropped by 1,000.