Improving global economic sentiment has prompted a growing number of Taiwanese to look for new jobs after the Lunar New Year holiday, reflecting a rising confidence in the local labor market, reports by online manpower agencies showed yesterday.
The recovering economy also boosted corporate hiring, the reports showed.
A report by 104 Job Bank (104人力銀行) said that its registered jobseekers applied for new jobs more than 290,000 times on Tuesday, the second working day after the holiday.
That was a 5 percent increase over the 270,000 applications recorded on Jan. 31 last year — the second working day after last year’s Lunar New Year holiday — and marked the highest level in three years, the agency said in a statement.
The number of employers posting jobs on its database was 22,000 on Tuesday, up 25 percent from the same period last year, with the total number of jobs increasing by 12 percent, the statement said.
“The rebound in various economic indicators has made employers increase hiring,” 104 Job Bank marketing director Regis Chen (陳力孑) said in the statement.
A similar trend was reflected in a report by 1111 Job Bank (1111人力銀行).
It said that total full-time job openings posted on its database stood at 224,000 after the holiday, up nearly 10 percent from a year earlier and also marking a record post-Lunar New Year period high.
“Various employers posted a large number of jobs after the Lunar New Year to cover gaps, because more employees resigned before the holidays to transition to another job,” 1111 Job Bank public relations director Henry Ho (何啟聖) said in a statement.
Citing the example of Advanced Semiconductor Engineering Inc (日月光半導體), one of the nation’s major chip packagers and testers, Ho said the company has posted 500 job listings his agency’s database, hoping to recruit those people in the second quarter.
The rise of both demand and supply in the labor market indicates expectations of a strong rebound in momentum ahead, Ho said.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01