Tight Labour Market, but still with Headwinds

Economic Research	11 November 2016
Hong Kong
Economic Highlights
Tight Labour Market, but still with Headwinds Hong Kong’s unemployment rate remained unchanged for eight consecutive months in Oct 2016, indicating labour market still remained tight. Better-than-expected economic growth and gradual global economic recovery largely supported labour demand in related sectors. As income growth was still on the rise, we believe HK’s unemployment rate will remain stable in the near term. But in a longer term, we see more pressure coming from external uncertainties and strong HKD. Economist:  Liang Siew Huay  | +65 6232 3851