Taiwan's industrial, service sectors hire fewer people

Xinhua
12 Jul 2020, 22:30 GMT+10

TAIPEI, July 12 (Xinhua) -- The number of employees in Taiwan's industrial and service sectors dropped to the lowest for May in 11 years due to the impact of COVID-19, according to the island's statistics agency.

The number of employees in the two sectors reduced by the end of May by 0.4 percent year on year, and by 0.22 percent month on month to 7.91 million, the agency said earlier this week.

The figure has dropped for five consecutive months since January this year.

Manufacturing downsized by 8,000 employees in May from April since exports have been set back, and the supply chains blocked by the COVID-19 pandemic, the agency said.

The number of employees in the accommodation-and-catering sector shrank by 5,000, the agency said.

Meanwhile, the average monthly salary for employees in the industrial and service sectors increased slightly by 0.68 percent year on year to about 42,200 new Taiwan dollars (about 1,429 U.S. dollars) in May, the lowest year-on-year growth for the same period since 2014.

The salary level in the aviation sector slipped the most, falling by 5.11 percent month on month.

The island's taxation department also announced earlier this week that the island's tax revenue totaled 220.2 billion new Taiwan dollars in June, down by 54.3 percent year on year, and the figure for the first six months was 968.1 billion new Taiwan dollars, down by 29.1 percent year on year.

Taiwan's tax revenue for 2020 may not be able to reach the budgeted figure of 2.42 trillion new Taiwan dollars, the department said.

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