Published:
Hong Kong slammed by downside risks to unemployment
Standard Chartered doesn’t expect unemployment rates to improve - but how bad was it last August-October?
According to StanChart, the rate may have remained at 3.2%.
Here’s more from StanChart:
| The August-October unemployment rate is scheduled to be released on 17 November. We expect the rate to have remained at 3.2%. Hong Kong’s job market is in good shape, despite the current global economic and financial turbulence. The June-August data showed that the unemployment rate declined to pre-crisis levels. However, given that current gloomy market sentiment has started to weigh on companies’ hiring plans, we do not expect the unemployment rate to improve further, and it could face increased downside risks in the coming months. |
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