Labor participation for 45-64 age group up slightly in 2017: MOL
Taipei, Aug. 10 (CNA) The labor force participation rate in Taiwan for people aged 45-64 in 2017 was 62.82 percent, up 0.4 percent from the previous year, according to data from the Ministry of Labor (MOL).
In 2017, about 6.95 million people in Taiwan were between the ages of 45 and 65, with about 4.366 million in the workforce, representing an increase of 46,000 people compared with the previous year.
According to the MOL report released in July, the labor force participation rate for that age group in the United States in 2017 was about 72 percent, while in South Korea and Japan, the rates were about 75 percent and 81 percent, respectively.
In Taiwan, the labor force participation rate for males aged 45-64 in 2017 was 75.63 percent, higher than the 50.57 percent female labor force participation rate.
However, it was the first time the labor force participation rate for older women reached over 50 percent, the MOL said.
Despite the improvement in the labor force participation rate in 2017, more older people in Taiwan faced unstable work conditions, as about 300,000 of them -- an increase of 6,000 people from the previous year -- were employed as contract workers or worked only part-time as of May 2017.
Meanwhile, the jobless rate for Taiwan's older people in 2017 was 1.99 percent, a fall of 0.16 percent from the previous year.
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