Hong Kong - Job creation in Hong Kong has fallen to its lowest level in 30 months as the global financial crisis takes its toll, according to a survey published Wednesday.
The number of jobs created by the average company in the wealthy city of 6.9 million during the third quarter of 2008 was 0.51, lower than for the previous quarter and the same period in 2007.
Announcing the survey findings, the Institute of Human Resource Management said it expected job creation in Hong Kong to worsen with further decreases in 2009.
The institute, which calculated job creation rates by the number of news jobs minus jobs cut in around 1,000 Hong Kong companies, said the third quarter rate was the lowest since early 2006.