Taiwan seasonally adjusted unemployment rate rose to 3.70 percent in December of 2018 from 3.69 percent in the previous month. The number of unemployed increased by 2 thousand to 441 thousand and employment went up by 4 thousand to 11.467 million. Meantime, the labor force participation advanced to 59.06 percent in December from 59.05 percent in the prior month. Unemployment Rate in Taiwan averaged 3.06 percent from 1978 until 2018, 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.
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. Looking forward, we estimate Unemployment Rate in Taiwan to stand at 3.90 in 12 months time. In the long-term, the Taiwan Unemployment Rate is projected to trend around 4.10 percent in 2020, according to our econometric models.