Unemployment in Taiwan

Taiwan Unemployment | Economic News & Forecasts

Taiwan - Unemployment

The economy rebounded strongly in the third quarter, contrasting the marginal contraction in the second quarter and marking the best result in two years. The turnaround was spearheaded by firmer exports growth, chiefly thanks to soaring demand for Taiwanese electronic goods from China and the U.S. On the domestic front, consumer demand showed signs of recovery in Q3, contracting at a much softer pace than in Q2. On top of that, government spending bounced back in the quarter, solidifying the overall economic recovery in turn. Turning to Q4, available data suggests sustained momentum at the tail end of the year. In October, the manufacturing PMI remained virtually unchanged at September’s 30-month high, which, coupled with an uptick in business confidence, points to solid private sector activity growth at the outset of the quarter. Moreover, sustained forward-looking export order growth in September signals upbeat external sector conditions in Q4.

Taiwan - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate3.8  3.9  3.8  3.7  3.7  

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Taiwan Unemployment Chart

Taiwan Unemployment
Note: Unemployment in % of active population.
Source: Directorate-General of Budget, Accounting & Statistics.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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