First half average real monthly salary in nation falls to lowest in four years
CNATAIPEI--Taiwan's average real monthly salary for the first six months of this year fell to a four-year low, as some employers cut annual bonuses that usually come ahead of the Lunar New Year, which fell in February, according to government statistics released yesterday.
August 23, 2013, 12:01 am TWN
After inflationary adjustments, the average real monthly wage in Taiwan stood at NT$47,557 (US$1,578), the lowest level since 2009, when the amount hit NT$45,640, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).
The figure for the first half of 2013 was 1.9 percent lower than the same period of last year, the DGBAS said.
The figure is based on a regular salary and a non-regular salary, which includes overtime pay, bonuses and employee allowances.
The average real monthly regular salary dropped 0.62 percent year-on-year for the six-month period to NT$36,759, the lowest it's been since 2009, when it fell to NT$36,561, the agency said.
Without adjusting for inflation, the average monthly wage fell 0.61 percent year-on year to NT$48,651, while average monthly regular wage, on the other hand, rose 0.68 percent from a year earlier to NT$37,604, the DGBAS said.
During the month of June, the average regular wage grew 0.78 percent on the year to NT$37,708, while the average wage for the month gained 0.21 percent year-on-year to NT$42,934, the agency said.
In the manufacturing sector, which serves as the largest employer in Taiwan, the average salary in June stood at NT$41,200, up from the NT$39,792 recorded in May but down from the NT$41,383 registered a year earlier, it added.
Earlier in the day, the DGBAS released statistics showing Taiwan's jobless rate in July rose 0.11 percentage points from June to 4.25 percent, reflecting an increase in the number of first-time jobseekers.