Unemployment rate lowest in 15 years
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.
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.