Taiwan’s unemployment rate fell in December for sixth straight month

The unemployment rate fell by 0.02 percentage points from November to 3.64% in December, as the country continues to recover from the pandemic.
By: | January 25, 2022
Topics: Job Cuts | News | Recruitment | Taiwan

Taiwan’s unemployment rate fell for its sixth straight month in December amid improved business activity, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

The unemployment rate fell by 0.02 percentage points from November to 3.64% in December, after a fall of 0.17 percentage points in November, official data showed. 

The number of workers who lost their jobs in December fell by 3,000, or 0.66% to 433,000 from November. Meanwhile, over the same period, the number of people employed increased by 3,000, or 0.03%, to 11.48 million. 

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Last year, Taiwan’s jobless rate averaged 3.95%, an increase of 0.10 percentage points year-on-year as the outbreak of COVID-19 cases impacted the labour market, with the number of those unemployed averaging at 471,000 monthly, the data showed, reports Focus Taiwan.

The labour participation rate for 2021 averaged 59.02%, down 0.12 percentage points year-on-year, showed DGBAS data.