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Hong Kong Job Market Shrinks: 7,000 Positions Lost

3/24/2025

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Summary

Story summary

As of December 2024, Hong Kong's workforce reached over 2.71 million in key industries.
Private sector jobs decreased by 0.3% year-over-year, resulting in a loss of 7,000 positions.
Total job vacancies dropped to 58,410, reflecting a 20% year-over-year decline.
Notable job losses were seen in wholesale, retail, and food & beverage sectors.
Conversely, the real estate and health services sectors experienced growth.

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Story summary

As of December 2024, Hong Kong's workforce reached over 2.71 million in key industries.
Private sector jobs decreased by 0.3% year-over-year, resulting in a loss of 7,000 positions.
Total job vacancies dropped to 58,410, reflecting a 20% year-over-year decline.
Notable job losses were seen in wholesale, retail, and food & beverage sectors.
Conversely, the real estate and health services sectors experienced growth.