May Unemployment Rate 3.27%, Down for Second Consecutive Month

(CNA) - The Directorate-General of Budget, Accounting and Statistics (DGBAS) announced today that the unemployment rate for May was 3.27%, a decrease of 0.03 percentage points from the previous month, marking the second consecutive month of decline. The seasonally adjusted unemployment rate was 3.32%, also showing a downward trend.

The number of unemployed individuals in May was 393,000, a decrease of 4,000 people (0.99%) from the previous month. This was primarily due to a reduction of 2,000 people who lost their jobs because of business contraction or closure at their workplaces. Compared to the same month last year, the number of unemployed decreased by 3,000 people (0.60%).

By age group, the unemployment rate for individuals aged 15 to 24 was 11.14%. This group, largely comprising first-time job seekers undergoing workplace adjustment, experiences a higher unemployment rate. The unemployment rate for those aged 25 to 29 was 5.79%, and for those aged 30 to 34, it was 3.30%. (Editor: Yang Lan-hsuan) 1150623

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