Market Intelligence Reports

Quarterly APAC Market Report Q2 2020

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7 July, 2020 Hong Kong Current Employment Situation Covid-19 Restrictions – July 2020 Workforce Statistics – Mar-May 2020 Employment Numbers by Industry (in '000s) Hong Kong Employment Outlook – Manpower Employment Outlook Survey Schools Reopened Schools were reopened but they have subsequently been closed again. Non-essential Shops Open Bars and Restaurants Open W hile these were re-opened, they have been closed again and group gatherings have been limited to 2. International Travel Allowed Arrival Free of Quarantine Total Labor Force 3.85m Unemployed 230K 5.9% 1% Since Dec 19- Feb 20 3% Since Mar 19 –May 19 72% Since 12/19- 02/20 102% Since 03/19 – 05/19 Labor Force figures are based on a 3 month moving average 102 309 350 529 442 850 1,115 23 3.5 25.9 52.2 100.6 8.9 3.3 Manufacturing Construction Import /Export trade Retail / Accomm/Food Trans./Post /Information Fin/Ins./Real Est/Bus. Serv Public Admin/ Social % Personal Serv Other Industries Q1 2020 Jobs lost since Q1 2019 (000s) ~31K jobs were added ~23K jobs were added Total Openings Added During March 42,269* (-47% YOY) Open Positions During March # YOY% Change Manufacturing 757 -69.6% Manual Construction Workers 498 -42.6% Import/Export Trade and Wholesale 4,076 -40.1% Retail 3,048 -63.5% Transport, storage, postal and courier services 2,591 -45.8% Information and Communications 2,194 -25.6% Financing and Insurance, Real Estate 8,213 -22.6% Professional and business services 6,445 -36.2% Social and personal services 11,395 -36.2% *Selected Industries Unemployment Rate by Age Group – Mar- May 2020 15-19 years 16.1% 20-29 years 9.3% 30-39 years 4.7% 40-49 years 4.8% 50-59 years 6.5% 60 years plus 5.4% Sources https://www.manpowergroup.com/workforce-insights/data-driven-workforce-insights/manpowergroup- employment-outlook-survey-results#%20 https://www.wantedanalytics.com/ https://www.censtatd.gov.hk/hkstat/ https://ourworldindata.org/policy-responses-covid https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html

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