Taiwan’s unemployment rate held steady in August, defying economists’ expectations for an increase, figures from the Directorate General of Budget and Statistics, or DGBAS, showed Tuesday.
The seasonally adjusted jobless rate came in at 3.74 percent in August, the same rate as in the previous month. Economists had expected the jobless rate to rise to 3.77 percent.
In the corresponding month of the previous year, the unemployment rate was 3.93 percent.
The number of unemployed people remained unchanged at 435,000 during August. A year ago, the jobless figure totaled 453,000.
At the same time, the number of persons in employment increased to 11.21 million in August from 11.20 million a month ago.
The labor force participation rate rose marginally to 58.65 percent in August from 58.64 percent in July.
On an unadjusted basis, the unemployment rate climbed to 3.90 percent in August from 3.82 percent in the previous month.
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