Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Hong Kong labor market likely to remain tight, jobless rate to have stayed at 2.8 pct in Jan

Hong Kong’s economy grew 3.5 percent year-on-year in the first nine months. Thanks to the economic growth, the labor market is likely to remain tight, noted DBS Bank in a research report. Recovery in inbound tourism and domestic consumption should underpin the labor market.

The seasonally-adjusted jobless rate is projected to remain at a 20-year low of 2.8 percent. Looking forward, the external uncertainties including the Sino-U.S. trade friction and global economic slowdown warrant particular concerns.

“The demand for labor, of which over 10 percent comes from the import/export trade and wholesale sectors, is set to slow”, added DBS Bank.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

March 26 04:00 UTC Released

THManufacturing Prod YY

Actual

-1.6 %

Forecast

0.52 %

Previous

0.18 %

March 25 21:45 UTC Released

NZTrade Balance YY

Actual

-6.62 Bln NZ

Forecast

Previous

-6.36 Bln NZ

January 31 00:00 UTC 603610603610m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603610603610m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 615430615430m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 603610603610m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 615430615430m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 603610603610m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603610603610m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603610603610m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.