Focus Taiwan: Average regular wage growth returns to 2% in October

News_Pick06-01

Data compiled by the DGBAS showed regular monthly wages for October averaged NT$42,060 (US$1,392), up NT$831 or 2.02 percent from a year earlier, compared with a 1.72 percent increase in September, the slowest growth since May 2017 when regular wages grew 1.59 percent.

Market analysts said the latest average regular wage growth indicated the local job market remains stable at a time when labor demand was still solid despite unfavorable global trade issues.

However, more observation is required to determine how the local employment market develops in light of progress made in global trade disputes.

After adjusting for inflation, real regular monthly wages were up 1.72 percent from a year earlier in the 10-month period, while real monthly earned income rose only 1.44 percent, the data showed.

Despite the wage gains, total working hours edged down. In the first 10 months of the year, average monthly working hours fell 0.6 hours or 0.36 percent to 167.8 hours while average overtime hours fell 0.3 hours or 3.7 percent to 7.8 hours, the DGBAS said.

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http://focustaiwan.tw/news/aeco/201912140009.aspx

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