Unemployment falls to 3.61%, for 7th month of declinesBy Crystal Hsu / Staff reporterThe unemployment rate last month fell to 3.61 percent, declining for the seventh consecutive month, as fewer people quit or lost their jobs to downsizing and closures ahead of the Lunar New Year holiday, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. The latest data represented a downturn of 0.03 percentage points from a month earlier and a 0.05 percentage point retreat from a year earlier. The job market has recovered to the level prior to a nationwide level-3 COVID-19 alert in May last year, judging by the unemployment rate and the number of jobless people, Chen said. The jobless reading could rise 0.04 to 0.08 percentage points this month, Chen said. People aged 45 or older had the lowest unemployment rate of 2.17 percent, it said.

Source: Taipei Times February 24, 2022 23:43 UTC