Taiwan's unemployment rate came in at 3.72 percent in December of 2019, little-changed from 3.73 percent in the previous month, as the number of unemployed decreased by 8 thousand to 439 thousand while the number of employed increased by 5 thousand to 11.531 million. The labor force participation rate went down to 59.22 from 59.25 in the previous month. Taiwan Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Unemployment Rate in Taiwan averaged 3.07 percent from 1978 until 2019, 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.
Unemployment Rate in Taiwan is expected to be 4.00 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 3.80 in 12 months time. In the long-term, the Taiwan Unemployment Rate is projected to trend around 4.00 percent in 2021 and 4.20 percent in 2022, according to our econometric models.