Taiwan unemployment inches down in February

Taiwan’s unemployment rate fell slightly in February – although it came up short of economist estimates.

The seasonally adjusted jobless rate fell to 3.83 percent last month from January’s rate of 3.84 per cent. This was a touch higher than a median economist estimate compiled by Bloomberg of 3.82 per cent.

The total number of unemployed people in February was 453,000, with a labour force participation rate of 58.25 per cent.

Taiwan forecasts gross domestic product to grow by 1.92 per cent in 2017.