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Unemployment down slightly in April (update)

Unemployment down slightly in April (update)
Taiwan's unemployment rate fell 0.03 percentage points to 3.86 percent in April, but it was up 0.23 points from the same period last year, according to government figures released Monday.

The number of workers out of a job was 451,000 in April, or 4,000 fewer than in March, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

Citing the data, the DGBAS said that the month-on-month decline in the April unemployment rate largely reflected a decrease of 2,000 in the number of first-time jobseekers and also in the number of people who had lost their jobs due to termination of temporary or seasonal employment contracts.

However, the number of workers who dropped out of the job market as a result of business closures or downsizing rose 1,000 in April from a month earlier, the DGBAS said.

The jobless rate among people with university degrees was 4.70 percent, among those with no higher qualification than college diplomas 4.12 percent, and among those with no higher than junior or senior high school diplomas 3.82 percent and 3.18 percent, respectively, the DGBAS said.

In terms of age categories, unemployment in 15-24 age group was 11.78 percent, in the 25-44 age bracket 4.08 percent, and in the 45-64 age group 2.08 percent, the DGBAS added.

After seasonal adjustments, the local unemployment rate in April was 3.97 percent, a 0.05 percentage point increase from the previous month and the highest rate since May 2015 when it was 4.00 percent, the DGBAS said.

The number of employed people in Taiwan in April totaled 11.24 million, up 5,000 or 0.05 percent from a month earlier, while the labor participation rate was 0.01 percent lower at 58.63 percent, the data showed.

Meanwhile, in the first four months of the year, unemployment rose year-on-year by 0.20 percentage points to 3.89 percent, increasing in that period for the first time in seven years, according to the data.

Chang Yun-yun (張雲澐), deputy director of the DGBAS's Department of Census, said that the slight increase in the unemployment rate in the four-month period reflected an economic slowdown.

In the January-April period, 455,000 people lost their jobs, up 28,000 from a year earlier, according to the statistics.

In the first fourth months of this year, the average labor participation rate in Taiwan rose 0.10 percentage points from a year earlier to 58.66 percent, the data showed.

(By Chen Cheng-wei and Frances Huang)
Enditem/pc

Updated : 2020-12-04 01:52 GMT+08:00