Affected by a global economic slowdown, the DGBAS
forecast that the economic growth this year will not achieve the 5.
One of the hardest hit sectors was manufacturing, which the DGBAS
attributed to the continued movement by Taiwan companies to China where labor is considerably cheaper.
Chen Min, deputy director of the national-status census department, DGBAS
, pointed out that fresh school graduates had gradually found jobs and the number of jobless people caused by business shrinkage or closures didn't expand, leading to decline in unemployment rate in November.
official said that the gloomy economic climate has discouraged employers from raising wages.
As a result, the DGBAS
reduced the forecast scale of export decline for the entire year to 2.
survey shows that unemployed people resulting from business contraction or closure began to appear in July, when the number of such people increased by 1,000.
According to the DGBAS
survey, the jobless rate of basic-level labor, including skilled workers, machinery operators, and manual workers, reached 4.
Mei Jiayuan, a DGBAS
official, characterized the status of Taiwan's economy as anemic growth.
also found that unpaid leave and replacement of pay hike with bonus issuance have become methods embraced by growing numbers of enterprises to weather the economic downturn.
figures show average regular monthly pay of NT$37,222 (US$1,240.
official noted that the drop of September's unemployment rate from the August level is a normal situation but the scale of the decline is smaller than the previous two years, underscoring the conservative employment policy of enterprises.
GI's forecast of the global economic growth rate has been a major reference of the DGBAS
in estimating Taiwan's GDP, since the DGBAS
uses it as the basis for calculating the global demand for Taiwan-made products.