TAIPEI, Sept. 24 -- Taiwan's unemployment rate increased by 0.07 percentage points from July to 3.89 percent in August, according to the island's statistical agency.

On a year-on-year basis, the unemployment rate rose by 0.02 percentage points last month.

The average unemployment rate in the first eight months stood at 3.73 percent, up 0.03 percentage points from the same period last year.

Across all age groups, people aged between 20 and 24 reported the highest unemployment rate of 13.05 percent in July. They were followed by people aged between 15 and 19, for whom the unemployment rate stood at 10.51 percent.

College graduates saw an unemployment rate of 5.74 percent in August, the highest among people of all educational backgrounds.