Taiwan Today: First-time job seekers gain work in 26 weeks on average, Taiwan’s Chou wins men’s singles title at Singapore Open

During the graduation season between June and September every year, the unemployment rate usually spikes because new college graduates who have not yet landed a job or reported for work are categorized as unemployed.

First-time job seekers gain work in 26 weeks on average: DGBAS

First-time job seekers in Taiwan usually take an average of 26 weeks to secure a job, according to data released by the Directorate General of Budget, Accounting and  Statistics (DGBAS).

Due to a lack of experience, first-time job hunters are likely to take longer to find a job than people who have worked before, said Pan Ning-hsin, deputy director of the DGBAS’s census department.

According to the DGBAS’ definition, persons aged 15 and over who are not employed but are looking for work, are waiting for a decision from a potential employer, or are about to start work are classified as unemployed.

Taiwan’s highest paying jobs in electricity, gas supply sector: DGBAS

Employees in the electricity and gas supply sector earn the highest monthly salary in Taiwan, according to data from the Directorate General of Budget, Accounting and Statistics (DGBAS) valid for 2017.

In 2017, the average monthly wage in Taiwan, which comprises regular and extra pay, was at a record high of NT$49,989 (US$1,760), an increase of 2.46 percent from a year earlier, as result of an economic recovery, the DGBAS said.

The data, released in February, showed that workers in that sector earn NT$94,551 (US$3,091) per month on average in regular wages, which exclude overtime pay and bonuses.

The second highest paying jobs were in the finance, insurance and real estate sector, where employees were earning an average NT$86,294 (US$2,821) per month, according to the data.

In the information and communication business, the average monthly pay was NT$69,022 (US$2,256), the DGBAS data showed.

Domestic fuel prices to drop this week

Domestic gasoline and diesel prices will be lowered this week by NT$0.4 (US$0.013) and NT$0.5 per liter, respectively, Taiwan’s two major suppliers said Sunday.

State-owned oil refiner CPC Corp., Taiwan said that after the adjustments, which take effect at midnight Sunday, prices at CPC gas stations nationwide will be NT$28.5 per liter for 92 octane unleaded, NT$30.0 per liter for 95 unleaded, and NT$32.0 per liter for 98
unleaded.

The price of super diesel will drop to NT$26.5 per liter, CPC said.

Taiwan’s Chou wins men’s singles title at Singapore Open

Men’s singles shuttler Chou Tien Chen makes history for Taiwan with his maiden title in Singapore. The world no. 7 beat Hsu Jen Hao in straight games in an all-Taiwanese affair at the 355.000 Dollars event.

Taiwan’s top-seeded badminton player Chou Tien-chen (周天成) clinched the men’s singles title at the 2018 Singapore Open on Sunday, defeating his compatriot Hsu Jen-hao
(許仁豪) 21-13, 21-13 in the final.

The two men will return with gold and silver medals, marking Taiwan’s best performance in the men’s singles at a BWF World Tour Super 500 event.

The Singapore Open carries a total purse of US$350,000.