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Taiwan's job vacancy rate hit 3-year low of 2.47% in August.

Taipei, Dec. 28, 2012 (CENS) -- Taiwan's job vacancies needed 175,000 persons to fill in August, down by 15,000 persons from that in the same month of last year, with job vacancy rate of 2.47%, also down by 0.23 of a percentage point and a new low of its kind in three years, according to a survey done during the month by the Cabinet-level Directorate General of Budget, Accounting & Statistics (DGBAS).

The job vacancy rate measures job openings as a percentage of total jobs. When the economy is booming, the job vacancy rate is likely to be relatively high, while a low rate signals a recession.

In August of last year the job vacancy rate of real estate industry posted at 4.98%, which yet fell to 3.91% in the same month of this year.

Among the industries, electronic parts sector witnessed the highest13,277 job vacancies in August, followed by metal products sector's corresponding 7,703 and computer, electronics & optical sector's 7,650.

DGBAS indicated that the recruitment of 3K (dirty, dangerous, and difficult working environment in Japanese) industries usually take the longest time of 7.3 months in average. To shorten the period, many of the industries find foreign laborers to fill the job vacancies.

This year the average regular monthly pay of Taiwan's employees stood at NT$26,809 (US$893.63), increased by NT$500 (US$16.67) from the corresponding figure of last year; while the average monthly pay of executive officials and supervisors declined by over NT$6,000 (US$200) to NT$46,721 (US$1,557.4).
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Author:Li, Judy
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:Dec 28, 2012
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