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Jobless rate falls to 3.64% in April

2018/05/22 18:38:58

Taipei, May 22 (CNA) Taiwan's unemployment rate fell in April to 3.64 percent amid continued growth of the domestic economy, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Tuesday.

The data showed that the jobless rate in April was 0.02 percentage points lower than the previous month, but after seasonal adjustment it was 3.69 percent, up 0.02 percentage points from March.

The labor participation rate in April was 58.86 percent, an increase of 0.16 percentage points from a year earlier but 0.01 percentage points lower than the previous month, according to the data.

In April, the number of unemployed people fell by 2,000, or a monthly 0.46 percent, to 431,000, while the number of employed persons increased by 3,000, or 0.03 percent from the previous month, to 11.41 million, the DGBAS said.

Its data showed that the number of first time jobseekers dropped by 1,000 in April from a month earlier, while the number of those who lost their jobs due to business downsizing or closures also fell by 1,000.

Meanwhile, the number of persons who were left unemployed because of termination of temporary or seasonal job contracts also dropped 1,000 from a month earlier in April, the DGBAS said.

Pan Ning-hsin (潘寧馨), deputy director of the DGBAS' census department, said the latest unemployment report showed that the local job market remained stable. Unemployment in the country is expected to continue to fall as the domestic economy improves, she said.

In terms of age groups, the unemployment rate among people aged 20-24 was 11.60 percent in April, down 0.15 percentage points from a month earlier, while in the 25-29 age group it fell 0.07 percentage points to 6.33 percent, the DGBAS data showed.

Among people holding a university degree, the jobless rate in April was 4.51 percent, down 0.04 percentage points from a month earlier, the DGBAS said.

In the first four months of the year, the local jobless rate averaged 3.66 percent, down 0.11 percentage points from a year earlier, while the labor participation rate stood at 58.88 percent, up 0.14 percentage points year-on-year, according to the DGBAS.

(By Pan Tzu-yu and Frances Huang)