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Hong Kong's Rising Unemployment - The Big Picture; Unemployment - Laid-Off workers speak; Unemployment Discussion - (21 Nov 2008)


This week, Chief Executive Donald Tsang warned that Hong Kong citizens should prepare for the worst in the current economic downturn, even though they should also hope for the best. Hoping for the best isn't coming easy to the growing numbers who have lost their jobs over the past few months. Government figures show that the number of job vacancies has plunged by 13% in a month, and the jobless rate had edged up to 3.5% in the three months ending in October. Inevitably, increased unemployment will mean less spending, feeding the vicious circle. We look at the overall picture and listen to the stories of some of those who have recently lost their jobs. In our studio in part two, discussing the situation and its ramifications for workers, and for government policy, are legislator and union leader Lee Cheuk-yan, and political analyst James Sung.

The Pulse
Publish Date: 
Friday, November 21, 2008
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