According to the latest report from the Directorate-General of Budget, Accounting and Statistics, the unemployment rate in March slightly increased to 3.35%, continuing to set the lowest level for the same month in nearly 25 years. The increase of 0.01 percentage point from February is attributed to the post-New Year job switching trend.

The report indicated that the number of employed individuals in March was 11.61 million, a decrease of 6,000 from the previous month, while the number of unemployed was 403,000, an increase of 1,000. Among them, those unemployed due to dissatisfaction with their previous jobs increased by 3,000, while first-time job seekers saw a decrease of 2,000. Compared to the same month last year, the number of unemployed decreased by 2,000, reflecting a stable labor market.

Additionally, the announcement of reciprocal tariffs by U.S. President Trump on April 2 shook global stock markets. However, officials from the Directorate-General stated that the employment situation in March was not affected by the tariffs. Although the U.S. has postponed the implementation for 90 days, uncertainty remains high, potentially impacting both overtime and normal working hours. Traditionally, the unemployment rate in April is expected to be lower than in March, but the reciprocal tariffs represent a major variable in the labor market.