May Unemployment Rate Hits '24-Year Low' with 2 Key Factors Pointed Out by Scholar Over 50% Companies Plan to Increase Wages

Reported 11 months ago

On June 25, 2024, Taiwan TV news website reported that the latest unemployment rate announced by the Directorate General of Budget, Accounting and Statistics is 3.34%, a 24-year low. Scholars attribute the decrease to long-term labor shortages and a declining birth rate, while a recent survey shows that 93% of companies are actively recruiting and 55% are planning wage increases. Optimism for the third quarter rises to a 13-season high among both businesses and workers due to a strong job market and growing economy.

Source: YAHOO

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