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Job opportunities in Taiwan rise to six-month high in May: job bank

Job opportunities in Taiwan rise to six-month high in May: job bank

The number of jobs registered with the online employment broker 104 Job Bank rose to 203,000 in early May – the highest level in six months -- which indicates that the employment market is regaining momentum after hitting the bottom of the current cycle in December, the company said Tuesday.

The job bank noted that the number of employment openings shrank to 160,000 last December -- the lowest level for that year -- but has been increasing since the start of this year.

The number of openings recorded in early May represents a growth of 13 percent from January, the company said.

Over the same period, however, there has been a 20 percent rise in the number of job seekers, it added.

The most significant jump in hiring demand has been in the financial sector and the photonics and optical industries, where the number of jobs up for grabs has soared by 101 percent and 95 percent, respectively, according to the job bank.

The hiring demand in the electronic parts and components sector has climbed by 54 percent, the advertising and marketing industries by 40 percent, the retail sector by 26 percent, the semiconductor sector by 24 percent, and the computer and consumer electronics industries by 23 percent.

According to the Directorate General of Budget, Accounting and Statistics, Taiwan’s unemployment rate rose for the 11th consecutive month to hit a record high of 5.81 percent in March, with 630,000 people out of work.

The March unemployment rate marked an increase of just 0.06 percentage points from February, which was significantly narrower compared with the average month-on-month growth of 0.3 percentage points recorded since last September.