Taiwan's January Unemployment Rate Drops To 4.07%




Taiwan's unemployment rate eased for the second straight month in January, data published by the Directorate General of Budget Accounting and Statistics (DGBAS) revealed Wednesday.
The seasonally adjusted unemployment rate dropped to 4.07 percent in January from 4.14 percent in December.
In January 2013, the jobless rate was 4.2 percent. Economists were looking for a jobless rate of 4.1 percent for January.
There were about 462,000 unemployed persons in Taiwan at the end of January, down by 1.45 percent than at the end of 2013. Compared to January 2013, unemployment dropped by 2.7 percent.
DGBAS noted that the number of unemployed persons increased by around 7,000 month-on-month to around 11.04 million in January. Year-on-year, employment advanced by 101,000. The labor force participation rate dropped modestly by 0.03 percentage points sequentially to 58.52 percent.
On an unadjusted base, 4.02 percent of the labor force was without a job in January, which was lower than December's rate of 4.08 percent.


News are provided by InstaForex.