Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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78 February, 2021 Key Sources: doubles-in-2020 coming-home/?sh=4afd5a26319f Hong Kong Total Workforce (000s) Q4 '20 3,893 Unemployed Workers (000s) 273 Unemployment Rate 7.0% Youth Unemployment Rate 10.7% 1,033 2,938 564 184 1,978 800 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 1,974 1,975 1,924 1,912 1,941 1,995 1,974 1,959 1,950 1,944 2.9% 3.3% 4.2% 6.2% 6.4% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Labor Force Female Labor Force Unemployment Rate (%) 67.1% 67.0% 65.9% 65.7% 66.4% 55.1% 54.5% 54.3% 54.3% 54.0% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Participation Rate Female Participation Rate 40% of Hong Kong's population is foreign born. 1 million people from Hong Kong have emigrated. Hong Kong's population decreased by more than 46,000 during 2020 driven by both civil unrest and Covid-19. ꟷ Taiwan has issued 10,000 residence permits to people from Hong Kong. ꟷ The UK has offered visas to 5 million people from Hong Kong. The UK Home Office expects that 300,000 will emigrate. ꟷ In the first half of 2020, professional job visas issued decreased by more than 60%. Almost 55% of the population is female. 200 Covid-19 deaths. Borders are closed to all with the exception of residents from China, Macau and Taiwan and some exceptions. Tests and quarantine are required. Non-essential shops are open. Most schools are closed with students learning on-line. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands

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