New job openings in October up over 9%

The manufacturing sector contributes the most

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Taipei, Dec. 3 (CNA) The number of new job openings created by all of Taiwan's business sectors for October rose by more than 9 percent from a month earlier at a time when the local economy showed signs of improving, according to the Ministry of Labor.

Citing data, the MOL said that employers in all business sectors in Taiwan signed up with government-run recruitment organizations in October to seek 109,064 newcomers, up 9.50 percent from a month earlier.

During the same period, a total of 633,336 jobseekers registered with these recruitment organizations, hoping for a job interview, up 6.45 percent from a month earlier.

The data showed that every jobseeker had 1.72 job opportunities on average, higher than an average of 1.67 job opportunities for each jobseeker seen a month earlier.

The job opening statistics were compiled by the ministry's TaiwanJobs recruitment platform.

The data echoed the latest job data in Taiwan, which showed the local unemployment rate for October fell 0.04 percentage points from September to 3.95 percent, with the number of people who lost jobs due to business closures and downsizing down 2,000 and the number of first-time jobseekers down 3,000.

But the October unemployment rate still rose 0.05 percentage points from a year earlier.

In terms of sectors, the number of new jobs created by the manufacturing sector for October rose 4,540 from a month earlier, the highest increase among all of the business sectors in the country.

Late last month, the Directorate General of Budget, Accounting and Statistics (DGBAS) raised its forecast for gross domestic product (GDP) growth for Taiwan in 2016 by 0.13 percentage points from an earlier estimate to 1.35 percent because of a recovery in exports.

Taiwanese manufacturers are generally exports-oriented and rising global demand has prompted them to expand capacity, which is leading to a bigger workforce.

In the manufacturing sector, the electronics industry was the most earnest in expanding its workforce, the ministry said, adding that job positions for engineers rose almost 140 percent from a month earlier to hit a four-month high, the MOI said.

According to the ministry, a group of high-tech firms, such as flat panel maker AU Optronics Corp. (??) and HannStar Display Corp., and integrated circuit packaging and testing firm King Yuan Electronics Co. provided job openings for engineers.

Meanwhile, the number of openings created by the local hospitability/food/beverage sector in October rose 19.30 percent from a month earlier, the highest growth rate among all of the business sectors, the data showed.

On the back of efforts to expand their businesses, the job openings created by the food and beverage industry alone for October rose by an even higher rate of 22.86 percent from a month earlier and also grew by 25.55 percent from a year earlier, the statistics indicated.

(By Yu Hsiao-han and Frances Huang)Enditem/cs