Hong Kong Jobless Rate Edges Up to 3.1% Hong Kong’s seasonal adjusted unemployment rate rose to 3.1% in the three months ending October 2024, edging higher from 3% in the previous seven periods. The number of unemployed persons rose by 0.8 thousand from a month earlier to 120.7 thousand, ...
Based on census data, this paper traces the labour absorption pattern in the city-economies of Hong Kong and Singapore since the early 1970s to the early 1980s. Among the similarities highlighted are the export-led growth in the 1970s, the shift towards higher valued activities, the simultaneo...
In 2012, the Year of the Dragon, the birthrate in China, Hong Kong and Taiwan increased by five percent. 2012年是龙年, 中国香港和台湾的婴儿出生率 提高了5%。 ted2019 The government responds by importing labour from other neighbouring regions, including mainland China, Hong Kong, the Phili...
In 2023, Hong Kong has increased the minimum hourly wage rate fromHK$37.5 (US$4.8)toHK$40 (US$5.11). Hong Kong employers must record the total number of hours worked by an employee in a wage period if: The employee is paid the minimum wage, and ...
It is, however, questionable whether it is optimal for Hong Kong to adhere to its currency board-type exchange rate regime in the intermediate future when the turmoil is over or another wave of speculative attacks resumes. In this regard, Singapore's experience of a currency regime that has ...
For some East and North-East Asian economies, such as China and Hong Kong, China and Taiwan Province of China, tightening labour and land markets will bring forth more challenges, although inflationary pressures are expected to be partly offset by tightening monetary policy and exchange-rate apprec...
Hong Kong’s financial officials cautioned the local authorities may not track the move of the U.S. central bank in the future. Multiple factors affect the pace of cuts: US inflation, changes in market conditions, labour markets and how America’s economy reacts to the rate cuts, Lee note...
Hong Kong’s financial officials cautioned the local authorities may not track the move of the U.S. central bank in the future. Multiple factors affect the pace of cuts: US inflation, changes in market conditions, labour markets and how America’s economy reacts to the rate cuts, Lee note...
Overall, the Hong Kong labour market can be characterized by having a low degree of churning in normal times, but rapid firings and hirings in recessions and expansions.doi:10.1111/j.1468-0106.2012.00582.xThomas A. LubikResearch Departmentwiley...
There is no requirement in Hong Kong for contracts of employment to be in writing. However, an employer must provide the following information to individuals before they commence employment: the wages and wage period; details of the end of year payment or proportion of the end of year payment...