The number of employees in the industrial and service sectors shrank by 93,000 in June, a record 1.14 percent decrease from May, as the job market took a hit from the domestic COVID-19 outbreak and tougher disease prevention measures, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The two sectors employed 8.02 million people in June, with job losses most evident at hotels and restaurants, which shed 30,000 employees, the agency said.
There were 17,000 job losses at art, entertainment and recreational facilities, and 11,000 in the retail and wholesale sector, it said.
Photo: CNA
“The situation may have hit the bottom after the government late last month allowed dine-in services to recommence, and movie theaters, gyms and recreational establishments to reopen,” DGBAS Deputy Director Chen Hui-hsin (陳惠欣) told an online news conference in Taipei.
Compared with a year earlier, job losses increased 0.53 percent, suggesting this year’s virus outbreak has had a bigger impact on employment, the agency said.
The accession rate — the number of new employees added to the payroll — stood at 1.74 percent, down 0.21 percentage points from a month earlier and 0.27 percentage points from a year earlier, it said.
The exit rate was 2.88 percent, up 0.28 percentage points from May and 0.98 percentage points from a year earlier, as a growing number of people stopped looking for a job, it added.
The number of employees totaled 8.13 million in the first six months of this year, a 0.39 percent gain from the same period last year, after the manufacturing and service sectors raised their headcounts, the agency said.
Average monthly take-home pay in June declined 0.5 percent month-on-month to NT$42,625, but grew 0.94 percent from a year earlier, it said.
Total compensation — including performance-based commission and overtime pay — fell 3.43 percent month-on-month to NT$51,288, or an annual decline of 5.96 percent, it added.
The nationwide COVID-19 level 3 alert caused wage losses of 8.57 percent, 4.47 percent and 3.09 percent for workers at entertainment and recreational facilities, hotels and restaurants, and other service providers respectively, the agency said.
In addition, electricity suppliers and financial services providers paid commissions and bonuses in May, creating an unfavorable comparison in June, it said.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the