TAIPEI (Taiwan News) - The unemployment rate has fallen to 3.75 percent, an 18-year low for the month of October, the government said Thursday.
The domestic manufacturing sector and the jobs market showed no sign of being influenced by the trade war raging between the United States and China, the Central News Agency reported.
Each summer, the end of the academic year results in rising unemployment with fresh graduates looking for jobs, but by September, those seasonal elements start to disappear.
Last September, the unemployment rate stood at 3.76 percent, a drop of 0.11 percent which was continued the following month, the government’s Directorate General of Budget, Accounting and Statistics (DGBAS) said Thursday.
If seasonal elements were discounted from the October figure, the jobless rate would actually stand at 3.70 percent, according to the DGBAS.
While the economy overall was beginning to slow due to the trade war, the jobs market was not suffering its impact. During the period from July to October, the manufacturing sector even added 4,000 jobs, officials said.