Taiwan's Employment Might Further WorsenDemand and supply in Taiwan's job market is likely to continue to worsen in the coming years, with the high-level white collar and grassroots-level blue collar sectors being the most affected, reported Taiwan's local media Wednesday, January 3.During the 2001-2006 period, there will be an average 20,000 positions for top-level executives, while the labor sector will need nearly 400,000 workers, according to a report of Taiwan's economic institution. The report predicts that around 9,000 mid-level entrants to the workforce from university and college each year will be unable to find jobs. High-level experts and business managers will be very sought after, with an estimated 21,300 vacancies for such professionals annually in the coming years. The largest gap will appear in the market for grassroots laborers such as fishermen, farmers and vendors, with only around 71,300 people available to meet an estimated demand for 507,500 such positions each year. The supply of mid-level manpower with university or college degrees, such as technicians and travel industry-related workers, will far exceed demand for such positions in the coming six years, as some 185,200 job seekers will be vying for only 176,400 vacancies. Meanwhile, Taiwan's November 2000 unemployment rate climbed to a nearly 15-year high of 3.23 percent, or around 300,000 jobless people, principally as a result of an increase in factory closures. |
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