World Economy

Taiwan Jobless Rate Falls

Taiwan Jobless Rate FallsTaiwan Jobless Rate Falls

Taiwan had 439,000 jobless citizens in November 2017, equivalent to an unemployment rate of 3.71% which dropped 0.04pp sequentially and 0.16pp on year, according to the Directorate-General of Budget, Accounting and Statistics, CNA reported. Taiwan’s population aged 15 and over stood at 20.083 million in November, consisting of 11.837 million for labor force with a labor participation rate of 58.94%, DGBAS indicated. In November, Taiwan’s unemployment rate was lower than France (9.4%), Canada (5.9%), the UK (4.2%), the US (4.1%), but higher than South Korea (3.6%), Germany (3.6%), Hong Kong (3.0%), Japan (2.8%) and Singapore (2.2%), DGBAS said. Meanwhile, business sentiment in Taiwan’s manufacturing sector weakened in November, with an index gauging the mood of producers falling further during the month, the Taiwan Institute of Economic Research said Monday. The TIER’s sub-index for the property market hit a 55-month high, however, after a significant rebound in residential and commercial housing transactions in the six largest cities in Taiwan in November, the organization said.

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