Taiwan seasonally adjusted unemployment rate was barely unchanged at 3.72 percent in March of 2019 from 3.71 percent in February. The number of unemployed persons decreased by 5 thousand from the prior month to 438 thousand and employment rose by 5 thousand to 11.478 million. Meantime, the labor force participation rate edged down to 59.06 percent in March from 59.07 in February. Unemployment Rate in Taiwan averaged 3.06 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.
Unemployment Rate in Taiwan is expected to be 3.80 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 4.00 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.