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Jobless rate to remain at pre-crisis lows, says analyst
The city awaits to see whether Hong Kong’s unemployment rate improved or worsened from the 3.4% level announced last month.
Meanwhile the job market is expected to have remained tight overall, according to Standard Chartered, especially in sectors that are benefiting from still-resilient domestic demand.
Standard Chartered said, “While companies with greater exposure to Western markets are likely to become more cautious towards hiring, we expect this to have little impact on the headline unemployment rate number for now.”
Hong Kong’s June-August unemployment rate will be announced on 20 September 2011.
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