Employment Trends Centre

The Employment Trends Centre provides a forecast of hiring activity for professional markets in Hong Kong and Southern China. It includes a snapshot of the latest employment figures, media interviews and the Michael Page Employment Index – a monthly hiring forecast based on a survey of senior human resources professionals.

Michael Page Employment Index August 2010

Leading Employment Indicators

Labour Force data
The seasonally adjusted unemployment rate increased from 4.4% in February-April 2010 to 4.6% (provisional figure) in March-May 2010. The underemployment rate declined from 2.1% to 2.0% (provisional figure). Increases in the unemployment rate were mainly observed in real estate, professional and business services, arts, entertainment and recreation, import/export trade, and retail sectors.
Source: Census and Statistics Department

Divider

Business Confidence
For all surveyed sectors taken together, more respondents expect their business situation to be better (33%), as compared to those expecting it to be worse (6%), in Q2 2010 over Q1 2010. The business outlook for Q2 2010 is more favourable when compared with the results of the previous survey round. The proportion of respondents expecting their business situation in Q2 2010 to be better than that in the preceding quarter has increased further to 33%, as compared with 29% in Q1 2010.
Source: Census and Statistics Department

Media Releases 2010

 
 

 

Employment Trends Commentary

Back office hiring strengthens in May
June completes a second quarter of strong hiring activity

Anthony Thompson - June 2010

Back office hiring strengthens in May

Anthony Thompson – May 2010

Feedback welcome

If you have any feedback on the Michael Page Employment Trends Centre & Employment Index, please contact us via email at employmentindex@michaelpage.com.hk