Hong Kong has not had a very good last 12 months. Violent anti-government protests followed up by lockdowns and restrictions to try and contain the spread of the Coronavirus have had a devastating impact on many businesses, one result being a sharp decline in job opportunities as discussed in this article from the SCMP.
The number of job vacancies for university graduates in Hong Kong has been more than halved, and the average salary could be slashed by up to 20 per cent, amid a double whammy of protests and the coronavirus pandemic according to analysts and the latest figures from major employment platforms.
As 20,000 to 30,000 new graduates prepare to join the job market, many have already had a taste of the grim outlook as they received little feedback on the dozens of applications they sent. It was equally difficult to line up internships or trainee positions.
Recruitment website JobsDB told the Post there were only about 20,000 vacancies for graduates between January and April this year, 55 per cent less than the same period last year.
Vacancies slid more than 31 per cent in April to March, while 15 per cent fewer companies were hiring. There is no indication the prospects will improve later this year.
One feels for the young graduates that are now entering such a difficult jobs market.
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