The number of people employed in the nation’s industrial and service sectors increased in October as business activity picked up amid eased concerns over COVID-19, the Directorate-General of Budget, Accounting and Statistics (DGBAS) has said.
With domestic consumption on the rise, the hospitality and food and beverage industry, which had been hit hard by virus fears, saw the number of employees rise near the level before a local COVID-19 outbreak was detected in May, the agency said.
The number of people employed in the industrial and service sectors totaled about 8.15 million at the end of October, up 31,000, or 0.38 percent, from the previous month.
Photo: CNA
It was the fourth consecutive month of increase in employment, it said.
The number of people working in the hospitality and food and beverage industry rose 11,000 from a month earlier, while the number of employees in the support service industry, which largely comprises travel agencies, as well as the entertainment, and arts and leisure industries, rose 5,000 each, the data showed.
Employment figures have improved since the government downgraded a national COVID-19 alert level, easing restrictions on people’s movement, DGBAS Census Department Deputy Director Chen Hui-hsin (陳惠欣) said.
The Double Ten National Day holiday and government-issued NT$5,000 Quintuple Stimulus Vouchers also boosted domestic consumption, which caused businesses to hire more workers, she said.
The number of employees in the hospitality and food and beverage industry as of the end of October was only 3,000 fewer than the figure in April, as consumers have become more willing to spend, Chen said.
The number of people employed in the hospitality and food and beverage industry grew by about 10,000 per month in the past few months, she said.
However, the number of employees in the entertainment, and arts and leisure industries was still 16,000 fewer than the number in April, as restrictions on KTV parlors were not eased until October, Chen said.
Relaxing COVID-19 concerns also helped wages to grow, she said.
In October, the average monthly regular wage in the industrial and service sectors was NT$43,593, up NT$214, or 0.49 percent, from a month earlier, the DGBAS said.
The October figure was also up 2.21 percent from a year earlier, the agency added.
Average monthly earnings, which comprise regular wages and non-regular wages, such as overtime pay and bonuses, was NT$50,042, down 3.9 percent from a month earlier, but up 4.61 percent from a year earlier.
In the first 10 months of this year, the average regular wage and average monthly earnings rose 1.82 percent and 2.91 percent from the previous year respectively, to NT$43,088 and NT$56,387.
However, after inflationary adjustments, the average regular wage and average monthly earnings rose only 0.01 percent and 1.8 percent respectively.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with