Taiwan Sep Jobless Rate Rises More Than Expected
Taiwan's unemployment rate climbed more-than-expected in September after remaining stable in the prior month, figures from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Thursday. The jobless rate rose to a seasonally adjusted 3.79 percent in September from 3.74 percent in August. Economists had expected the unemployment rate to increase slightly to 3.75 percent. The latest unemployment rate was the highest since December 2014, when it marked 3.82 percent. On an unadjusted basis, the unemployment rate edged up to 3.89 percent in September from 3.88 percent in the prior month. The number of unemployed people increased to 442,000 in September from 435,000 in the preceding month. The labor force participation rate came in at 58.69 percent in September, up from 58.65 percent a month ago.
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