Taiwan’s jobless rate inches down for September

Taiwan’s unemployment rate fell to 4.28 percent in September, 0.17 percent lower than in August, according to the Directorate-General of Budget, Accounting and Statistics Oct. 24.

The number of jobless stood at 481,000 in September, down 21,000 from the previous month, while those in the workforce totaled 10.75 million, a decrease of 0.3 percent.

“These changes are due to part-time and temporary workers leaving the workforce after the summer season,” the DGBAS said, stressing that the number of those employed in September jumped 2.08 percent year on year.

In spite of the overall improvement, Taiwan’s unemployment rate is still higher than that of neighboring countries, the DGBAS said, noting that in Hong Kong, Singapore and South Korea the rate currently stands at 3.2 percent, 2.1 percent and 3.2 percent, respectively.

Analysis of the figures showed that college graduates had the highest rate of unemployment at 5.31 percent, according to the DGBAS. The unemployment rate for high school graduates was 4.52 percent.

The DGBAS noted that the average salary for the first eight months of the year reached a record high of NT$47,302 (US$1,572).

Grace Kuo

Taiwan Today