Jobseekers fill out application forms at a fair organised by the Labour Department at Southorn Stadium in Wan Chai on Wednesday. Photo: Nora Tam Jobseekers fill out application forms at a fair organised by the Labour Department at Southorn Stadium in Wan Chai on Wednesday. Photo: Nora Tam
Jobseekers fill out application forms at a fair organised by the Labour Department at Southorn Stadium in Wan Chai on Wednesday. Photo: Nora Tam

Hong Kong economy

Hong Kong jobless rate could hit record high this year, experts warn, as unions urge for more relief measures

  • Felix Yip of Baptist University says some jobs may no longer exist, while forecasting unemployment rate will be higher than level recorded during Sars
  • Iris Pang, ING Bank Greater China economist, says many businesses will not be able to cover costs if the government does not extend wage subsidies

Topic |   Hong Kong economy
Jobseekers fill out application forms at a fair organised by the Labour Department at Southorn Stadium in Wan Chai on Wednesday. Photo: Nora Tam Jobseekers fill out application forms at a fair organised by the Labour Department at Southorn Stadium in Wan Chai on Wednesday. Photo: Nora Tam
Jobseekers fill out application forms at a fair organised by the Labour Department at Southorn Stadium in Wan Chai on Wednesday. Photo: Nora Tam
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