Hong Kong’s jobless rate fell further between August and October to 4.3 per cent as the city’s economic recovery picked up steam.
Do you have questions about the biggest topics and trends from around the world? Get the answers with, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Separately, Hong Kong workers will see their pay rise at a faster rate in 2022 – by 3.2 per cent before inflation – though it will still lag behind the increase enjoyed by their counterparts in many other Asian jurisdictions, a survey by research data firm ECA International has found.Continued economic recovery next year from the havoc wreaked by the Covid-19 pandemic could see Hong Kong employees receive a 1.1 per cent salary increase once the inflation rate of 2.
The findings revealed on Tuesday, however, showed that salary gains in the city still lagged behind those in many of its Asian neighbours, with Singapore, Taiwan, mainland China and Korea expected to do much better than Hong Kong in 2022.Salaries in Singapore are expected to jump by 3.5 per cent before inflation in 2022, up from 2.8 per cent in 2021, with Taiwan also forecast to see a 3.5 per cent increase, compared with 3.2 per cent in 2021.
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