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According to the latest Q3 employment trend survey by Manpower, Hong Kong is set to receive a boost in the jobs sector with the strongest hiring plans in transport and utilities since 2008.
According to the survey: “The level of optimism reported by Hong Kong employers slips back slightly when compared with the previous quarter. However, positive payroll gains are expected in the coming quarter, buoyed by the strongest hiring plans for the transportation and utilities sector in 11 years.”
The survey reported a steady-as-she goes quarter for China with “hiring sentiment remains relatively stable in comparison with the prior quarter, although Chinese employers reported a slight decline year-over-year”.
The strongest growth sectors on the Mainland are finance, insurance and real estate and transport and utilities, although mining and construction recorded a slight dip.
“As in the previous four quarters, the most buoyant Asia Pacific labour market is expected in Japan, although hiring prospects dip slightly in comparison with this time one year ago,” it was reported.
In Taiwan, employers recorded a modest improvement in Q2, and are expecting healthy payroll gains in the next three months – driven in part by strong hiring plans for the mining and construction, and wholesale and retail trade sectors.
The survey stated: “Singapore employers expect steady payroll growth to continue in the three months to September 2019, reporting relatively stable hiring plans. In the coming quarter, employers in Singapore’s public administration and education sector anticipate the busiest labour market.”
In Australia, the news was positive overall with employers reporting their strongest hiring intentions in more than seven years, fuelled by the transport and utilities and services sectors.
However, this was somewhat offset by the finance and insurance and real estate sectors, which reported “their weakest hiring intentions for more than a decade”.