Taiwan Dec Jobless Rate Rises More Than Expected

Taiwan's unemployment rate increased more-than-expected December, figures from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Friday. The seasonally adjusted jobless rate rose to 3.88 percent in December from 3.84 percent in November. Economists had forecast the unemployment rate to climb marginally to 3.85 percent. The number of unemployed people grew to 453,000 in December from 449,000 in the previous month. A year ago, the jobless figure totaled 442,000. Meanwhile, the labor force participation rate held steady for the second straight month in December at 58.67 percent. On an unadjusted basis, the unemployment rate came in at 3.87 percent in December, down from 3.91 percent a month earlier.

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