March unemployment rate 3.78%, lowest in 21 months

Taiwan's unemployment rate for March hit a 21-month low of 3.78%. It's also the second lowest in 17 years. That's the word from the government statistics office on Monday.

The figure is 0.05% lower than February and 0.11 percentage points lower than a year earlier.

Statistics official Pan Nin-hsing said it shows that Taiwan's labor market is stabilizing.

Taiwan's unemployment rate for the first quarter this year, was an average of 3.81%. That figure is 0.1 percentage points lower than last year and the lowest first quarter unemployment rate for Taiwan in 16 years.

Source: Radio Taiwan International