Hang Seng: Unemployment rate at the end of the year 7% the fastest next 3 quarters fall

Although the property market and the stock market are good, the economy has been slow to pick up and the unemployment rate is still on the rise.　　Ming Pao reported that Fan Wan, senior economist at the Treasury Planning Research Department of Hang Seng Bank (0011), predicted that the unemployment rate would rise from 5.3% in March-May to a peak of 7% at the end of the year and linger at the highest level until the 3rd quarter.　　Fan Wan that the unemployment rate in the first half of the year has risen slowly, and that some companies are using unpaid leave to avoid mass layoffs.　　From some economic leading indicators, business is still shrinking, I believe some companies may have to eventually have to lay off staff.　　In addition, with the advent of the summer holiday, she believes that a new labour force is a very big test of the unemployment rate and that the unemployment rate will rise sharply in the coming months and will peak to 7% after the end of the year, but it is believed that the situation is slightly better than that of 8.5% during the 03 SARS period Fan Wan that Hong Kong's economy will grow at the fastest pace in the second half of next year, and it is believed that companies would slowly look to business expansion and then recruit more staff, so that the unemployment rate would fall.