Jobless rate falls to 3.95% in October

Taiwan's unemployment rate edged lower in October from the previous month but was still higher than the same period a year earlier, according to government figures released on Tuesday.

The nominal jobless rate of 3.95 percent in October was down 0.04 percentage points from September but up 0.05 percentage points from October 2015, Directorate General of Budget, Accounting and Statistics (DGBAS) figures showed.

The seasonally adjusted unemployment rate was 3.90 percent in October, down 0.03 percentage points from September but up 0.09 percentage points from the same period a year earlier, DGBAS figures showed.

A total of 464,000 people were out of work in October, down 5,000 compared with September. First-time job seekers accounted for part of that decline in the number of jobless, with 3,000 fewer first-time job seekers out of work in October than in the previous month.

There were 11.29 million employed in October, up 15,000, or 0.13 percent, from the previous month, and the labor force participation rate was 58.81 percent, continuing a trend toward a slightly higher rate seen since July, the figures showed.

Source: Focus Taiwan News Channel