Un­em­ploy­ment rate low­est in 15 years

The China Post - - TAIWAN BUSINESS -

Tai­wan’s un­em­ploy­ment fell slightly to 3.62 per­cent in May, down 0.01 per­cent­age points from April and 0.23 points from a year ear­lier, gov­ern­ment sta­tis­tics showed Mon­day.

The job­less rate was the low­est for the month of May since 2000, when it dropped to 2.78 per­cent.

Af­ter sea­sonal ad­just­ments, the job­less rate was 3.75 per­cent last month, the same as in April and March, the Di­rec­torate Gen­eral of Bud­get, Ac­count­ing and Sta­tis­tics (DGBAS) said.

A to­tal of 420,000 peo­ple were un­em­ployed in May, 1,000 fewer than in April, ac­cord­ing to the DGBAS.

The num­ber of em­ployed peo­ple rose by 9,000, or 0.08 per­cent, from a month ear­lier to 11.179 mil­lion, while the la­bor force par­tic­i­pa­tion rate rose by 0.01 per­cent­age points to 58.52 per­cent.

Lo Yi-ling, deputy di­rec­tor of the DGBAS Depart­ment of Cen­sus, said that with the ar­rival of the grad­u­a­tion sea­son, the un­em­ploy­ment rate in June is likely to in­crease by 0.2 to 0.4 per­cent­age points.

In May, the job­less rate in the 20-24 age bracket fell 0.35 per­cent­age points from April to 11.71 per­cent, while in the 25-29 age group it rose 0.16 per­cent­age points to 6.43 per­cent.

The job­less rate for peo­ple with univer­sity de­grees or higher de­creased 0.07 per­cent­age points month-on-month in May to 4.47 per­cent.

Jan­uary-April Av­er­age Reg­u­lar Nom­i­nal Wage Hits Record High

The av­er­age reg­u­lar nom­i­nal wage in Tai­wan for the first four months of this year reached NT$38,452 (US$1,250), the high­est level for the Jan­uary-April pe­riod in history, ac­cord­ing to gov­ern­ment sta­tis­tics re­leased on Mon­day.

The fig­ure rep­re­sents an in­crease of 1.53 per­cent from last year, the Di­rec­torate Gen­eral of Bud­get, Ac­count­ing and Sta­tis­tics (DGBAS) said in a state­ment.

In the first four months of this year, the av­er­age non- reg­u­lar nom­i­nal wage grew by 11.8 per­cent year on-year to NT$17,774, driven mainly by a sta­ble re­cov­ery of busi­ness prospects and in­creas­ing bonuses is­sued by em­ploy­ers, the DGBAS said.

In the month of April, the av­er­age reg­u­lar nom­i­nal wage was NT$38,594, up 0.19 per­cent from the pre­vi­ous month and up 1.4 per­cent from a year ear­lier.

Af­ter in­clud­ing non-reg­u­lar in­come such as year-end bonuses, per­for­mance bonuses and overtime pay, the av­er­age wage in April was NT$43,343, up 0.76 per­cent from March and up 2.32 per­cent from a year ear­lier.

CNA

The Man­darin Ori­en­tal Taipei is seen in this photo taken yesterday. The Man­darin Ori­en­tal Ho­tel Group, op­er­a­tor of the Taipei ho­tel, yesterday re­but­ted a re­port that the ho­tel had been sold to a main­land Chi­nese in­vestor for NT$48 bil­lion as “fic­ti­tious.” Lin Ming-chun ( ), pro­pri­etor of the ho­tel, said yesterday that he has no plans to sell.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.