Focus Taiwan is reporting that the number of people employed in Taiwan’s industrial and service sectors rose for the sixth consecutive month in November as the local economy stabilized. The output has been reported by the Directorate General of Budget, Accounting and Statistics (DGBAS) said Monday.
The DGBAS said the increase also came as traditionally strong export demand in the fourth quarter boosted the need for manpower in the tech industry in November, and rising consumption helped the service sector, paving the way for more hiring.
The number of employees in the country’s industrial and service sector at the end of November rose 18,000, or 0.21 percent, from a month earlier to about 7.98 million, DGBAS figures showed. That beat new employee growth in the same month over the past five years, when the month-on-month increase in November ranged from 12,000 to 17,000 people, the DGBAS said.
Taiwan’s nominal unemployment rate was 3.75 percent in November, down from 3.80 percent a month earlier, but it was unchanged from the previous month at 3.77 percent after seasonal adjustments, according to DGBAS figures released in late December. Chen Hui-hsin (陳惠欣), deputy director of the DGBAS census department, said that after Taiwan eased its COVID-19 restrictions on businesses in June 2020, the economy gradually turned stable and the job market
Despite the positive recent trends, Chen warned that there was still uncertainty in Taiwan’s job market because of sharp rises in COVID-19 infections in many other areas around the world. Meanwhile, the DGBAS said the average monthly regular wage in the industrial and service sectors rose 1.51 percent from a year earlier to NT$42,458 (US$1,489) in the first 11 months of 2020. Average monthly earnings, which are comprised of regular wages and non-regular wages such as overtime pay and bonuses, grew 1.46 percent to NT$54,380 in the 11-month period, the data showed.