Unemployment in Taiwan has fallen to a 15-year low of 3.69%. That was the word from the government statistics office on Monday.
The February jobless rate dropped 0.02 points. That means the number of people without a job in Taiwan dropped by 2,000 from the previous month to 428,000.
According to the statistics office, the jobless rate in the 20-24 age-bracket went down most significantly. It fell 1.06 percentage points year-on-year in February to 12.32 percent. As for people with a university degree, unemployment dropped substantially to 4.75 percent in February from the same month last year. The office said these figures show that more young people and job seekers with higher education are finding employment.
However, the statistics office said that unemployment data in March could be affected by a wave of job switching in February and March—a peak season for job hunting in Taiwan. They say that March figures will depend on how fast these job hoppers find new employment.