Taiwan’s unemployment rate rose to 3.92 percent last month, from the 3.85 percent recorded last month, following the influx of a large number of first-time jobseekers to the job market during the graduation season, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The month-on-month rise in the unemployment rate was in line with market and the DGBAS’ expectations, as a new round of college graduates usually start entering the job market beginning in June every year, with these first-time jobseekers often raising the jobless rate through the following few months.
However, the 3.92 percent jobless rate posted last month still marked the lowest period level for 14 years, an indication that unemployment this year may be gentler than previous years, DGBAS said in its monthly report.
“The mild rebounding economic sentiment made local companies post more job openings, further helping slow the unemployment situation for first-time jobseekers this year,” DGBAS Deputy Director Lo Yi-ling (羅怡玲) told a press conference.
The number of unemployed people rose by 8,000 to 451,000 last month from a month earlier, with the number of first-time jobseekers failing to get an offer up by 11,000 month-on-month, the report said.
For the first six months of the year, the number of employed people averaged 456,000, a decline of 16,000 compared with the same period last year, with the average jobless rate during the period remaining at 3.97 percent, its lowest period level for six years, the report’s data showed.
The DGBAS report also said that the average monthly wage in the industrial and service sectors climbed to a record NT$37,918 in the first five months of the year, an increase of 1.39 percent from the previous year.
The overall average monthly wage, including bonuses and compensation, rose 4.85 percent to a new high of NT$51,906 in the January-to-May period, compared with the same period in the previous year, the report said.
However, the increase in the average monthly wage was still lower than the pace of the nation’s headline inflation reading.
After adjusting the average for inflation — which climbed 1.14 percent year-on-year in the first five months — the real average wage, including bonuses and compensation, totaled NT$50,219, which was still less than the NT$50,553 recorded during the same period in 1998, the report said.
1111 Job Bank (1111人力銀行) public relations director Daniel Lee (李大華) said demand for human resources has been relatively strong this year, which may help slow the seasonally rising pace of the unemployment rate over the next few months.
Despite the economic recovery, fewer companies in Taiwan have planned to give their employees a raise this year than a year ago, Lee said, citing a survey conducted by the online manpower agency, which found 55 percent of polled employers plan to give employees raises this year, down 9 percentage points from a year ago.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
RSS