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Taiwan – Job market shows little change in March

23 April 2013

In Taiwan , total employment increased by +1.07% in March when compared to the same time a year ago, official statistics show. Employment levels grew notably in the goods-producing and services sector, but fell in the agricultural sector. The total number of those employed in March reached 10.92 million.

Figures from the Directorate General of Budget, Accounting and Statistics (DGBAS) further showed little change in unemployment. The joblessness rate reached 4.17% in March. The number of unemployed persons in March was 475,000, a decrease of -1.75% from the previous month, but a +1% rise from the prior year. Year-on-year, the unemployment rate remained flat.

At the same time, the labour force participation rate in March was 58.3%, up by a minor +0.11% from a year ago. The size of Taiwan's labour force was 11.396 million in the month.

Chen Ming, deputy director of the DGBAS Department of Census, said unemployment in Taiwan remained lower than in many Western countries, with the UK, US and Canada for instance posting rates above the 7% mark. Elsewhere in Asia, major economies such as South Korea and Japan posted a rate of 3.5% and 4.3% respectively.

Unemployment among young people remains a concern to politicians in Taiwan. The statistics indicate that joblessness for those aged between 20 and 24 dropped slightly (-0.23%) while unemployment among those aged 25 and 29 rose marginally by +0.07%. 

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