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  • October 31, 2014
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  1. Business - Economy

    30 million more jobless in the world, says ILO

    Posted Oct 13th 2012, 12:00am by AFP

    ... Agence France-Presse ILO says debt-ridden countries such as Greece and Spain have been hit hard by budget-cutting '30m more jobless than before the debt crisis' There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organisation said in remarks published yesterday. The figures ...

  2. No change in jobless rate as labour force shrinks slightly

    Posted May 19th 2010, 12:00am by Dennis Eng

    ... Dennis Eng The size of Hong Kong's labour force shrank slightly last month to 3.65 million, its smallest since the height of the global financial meltdown some 16 months ago, ... mostly involved construction and entertainment jobs. 'With the entry of fresh graduates and school leavers into the labour market in the next few months, there will obviously be pressure ...

  3. Labour chief expects jobless rate to climb, but at a slower pace

    Posted Jun 07th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih Hong Kong's unemployment rate would continue to rise in the coming months, but at a slower pace thanks to government efforts to create jobs, Secretary for Labour and Welfare Matthew Cheung Kin-chung said yesterday. Mr Cheung said he hoped that the Legislative Council would at the end of the month approve the allocation of HK$300 million to create jobs related ...

  4. Mainland labour imports back on the agenda

    Posted Sep 05th 2003, 12:00am by Niki Law

    ... the mainland, says labour minister Stephen Ip Shu-kwan. The proposal, under discussion for five years, would allow employers to hire three mainland workers for every new job they create for a local worker. 'Under the one-plus-three scheme, we hope to create new jobs for local workers by importing mainland workers. The plan will help boost the labour market and it guarantees that local ...

  5. Jobless rate falls, but so does labour force

    Posted Feb 18th 2006, 12:00am by Dennis Eng

    ... 5.3 per cent in December, the news on the unemployment front was not so good, as the drop in the jobless rate was accounted for by the reduction in the labour force. There were 174,000 people ... when the number of people in work reached a record high, last month the total employed population shrank by about 4,500 to almost 3.43 million. The labour force also declined by 12,400 month ...

  6. Labour force mismatch causing jobless woes

    Posted Feb 23rd 2005, 12:00am by Staff Reporter

    ... is strong. Hong Kong's construction industry, for instance, may never be as busy as it was in the years approaching 1997. Should the government be doing more to shift labour out of the sector? ... significantly. The pace of Hong Kong's transition to a modern service economy continues to outstrip the labour market's ability to cope. Tackling this mismatch should be the priority. ...

  7. Add the comfort factor to unemployment

    Posted Sep 22nd 2003, 12:00am by Jake Van Der Kamp

    ... in the labour force rose should be a month in which unemployment was lower? Yet, there you have it. There were 500 fewer people with jobs but 200 more people in the labour force and yet the unemployment ... the calculation on just the raw figures (unemployed as a percentage of labour force), you get a record high unemployment rate of 8.83 per cent, significantly higher than the X-11 figure and rising ...

  8. Business - Economy

    Trade-off between productivity gains and job losses isn't so simple

    Posted Feb 19th 2014, 02:06pm by PATRICK LOW

    ... these days is that robots and labour-saving technologies are destroying jobs and creating a growing group of disillusioned people who harbour a deepening sense of alienation from society. If true, ... and employment growth can be traced back to 2000. When one looks at national data over a slightly longer period, however, the relationship between labour-saving efficiency gains and jobs can be murky. ...

  9. Business - Economy

    Jobless rate in Australia hits 10-year high

    Posted Feb 13th 2014, 03:47pm by Reuters

    ... Motors in ceasing production in Australia by 2017. The closures will be a blow to an already sluggish labour market, given the statistics bureau's estimates that about 45,000 people ... to represent an additional headwind for the Australian labour market over the next 12 to 18 months," he said. ...

  10. Business - Economy - Unemployment

    High minimum wage kills jobs and makes poor worse off

    Posted Mar 31st 2014, 11:31am by STEVE HANKE

    ... Merkel for proposing the introduction of a minimum wage law in Germany. In short, Weidmann said this would damage Germany's labour market and be a job killer. He is right. Executives ...




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