Hong Kong unemployment rate falls to 2.9% in June quarter as labour market improves alongside economy

Hong Kong’s seasonally adjusted unemployment rate in stood at 2.9% in the period from April to June 2023, down from 4.7% during the same period a year ago, according to the latest labour force statistics published by the Census and Statistics Department.

When compared to the previous three-month period,...

Majority of South Korean firms show support for foreign labour amid shortages (The Korea Herald)

Nearly half of firms (46.8%) support further expansion of the country’s existing foreign labour quota, reports The Korea Herald, citing survey research from the Korea Chamber of Commerce and Industry. The research also showed that 43.2% of respondents supported maintaining the existing foreign labour...

China's urban unemployment rate down slightly in Q2, June’s youth unemployment rate hits record high

China's employment has remained largely stable in the first half of 2023, with the average surveyed urban unemployment rate dropping down 0.2% from the first quarter to 5.3%, according to data from the National Bureau of Statistics (NBS) published in China News Service.

The data also showed that the unemployment...

Online hiring in India dips 3% in June, but monthly growth shows positive hiring sentiments among employers

Online recruitment in India reported a 3% dip in June 2023 compared to June 2022, according to the latest foundit Insights Tracker.

The Tracker fell to 270 in June 2023 from 279 in June 2022.

Month-on-month, the Tracker registered a 2% increase in June.

While year-on-year figures fell 3%, foundit said there...

Job ads fall 10% across Australia in June amid tight labour market conditions

Job advertisements in Australia fell by 10.0% year-on-year in June 2023 on a seasonally adjusted basis, according to ANZ-Indeed Job Ads data published on ANZ Bank.

The 10.0% decline is a further fall from the 6.1% annual decline seen in May 2023.

On a month-on-month basis, the number of job ads fell by...

Nearly 60 Singaporeans fell victim to Malaysia-based job scam syndicate (Channel News Asia)

Nearly 60 Singaporeans fell victim to a job scam syndicate that was busted in Malaysia last month, Channel News Asia reports, citing a statement last week from the state of Johor's police chief. He added that four Singaporeans, three men and a woman, were arrested at a house in the Johor neighbourhood...

Wipro revenue up 1.1% in Q1 with growth in Europe and Asia Pacific

Wipro Ltd. (NYSE: WIT) reported revenue yesterday rose 1.1% year over year in constant currency to $2.78 billion in its fiscal first quarter ended June 30. Looking at just Wipro’s IT services revenue, it was also up 1.1% year over year on a constant currency basis.

“Our ongoing focus on operational...

Dip Corp Q1 revenue rises 13.6% with growth across recruiting and digital transformation businesses

Japan-based staffing firm and job board Dip Corp (2379: JP) reported revenue today for the first quarter ended 31 May 2023 of JPY 14.02 billion (USD 101.1 million), an increase of 13.6% compared to the same period last year.

Pasona Group full year revenue ticks up 1.8% but expenses hit operating and net profits

Japanese staffing giant Pasona Group (2168: JP), reported revenue for the full-year ending 31 May 2023 of JPY 372.58 billion (USD 2.68 billion), an increase of 1.8% compared with last year.

The company has not provided results for its fourth quarter but nine month revenue had grown by 2.4% suggesting...

Like Co full year revenue jumps 4.1%, but profits decline

Japanese staffing firm Like Co Ltd (2462: JP) reported revenue for the full year ended 31 May 2023 of JPY 60.01 billion (USD 433.4 million), up 4.1% when compared to last year.