Hong Kong's jobless rate fell to 7 percent last month, its lowest in more than two years. This job growth is due to expansion by companies and increased levels of consumer spending. A survey of 576 Hong Kong employers found that a net 23 percent of companies planned to hire more workers in the third quarter.
See "Expansion at companies buoys H.K. employment", Philip Lagerkranser, International Herald Tribune, June 20, 2004