1 min News: Employment & Job Market Updates (11 May, 2026)

Market Updates By Me2Works Published on 11/05/2026

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  • "Embarking on a New Journey" Job Fair: The Labour Department is hosting a major industry-based job fair on 12–13 May 2026, offering over 2,700 vacancies across various sectors to boost local hiring. [2]


  • Unemployment Rate Hits 7-Month Low: Recent data shows the seasonally adjusted unemployment rate edged down to 3.7%, underpinned by sustained growth in the tourism and consumption-related sectors. [3]


  • HR and Ops Face Headcount Pressures: A recent KPMG report highlights that 22% of HK employers expect headcount decreases in support functions like HR and Administration, as firms pivot toward revenue-generating roles.[4]


  • GBA Youth Employment Scheme 2026: The 2026 edition of the Greater Bay Area Youth Employment Scheme is now open for year-round applications, encouraging HK graduates to seek opportunities in GBA cities. [2]


  • AI-Driven Layoffs in Tech: While global, the trend has hit local tech hubs with nearly 48% of Q1 job cuts attributed to AI integration and workflow automation. [6]


  • "Launch Your Career" for School Leavers: Launched on 8 May 2026, this program provides specialized career guidance and placement for secondary school graduates entering the workforce this summer. [2]


  • Re-employment Allowance Pilot Scheme: The government continues to push the $6,000 allowance for middle-aged and elderly workers who return to the workforce, aiming to alleviate the labor shortage. [2]


  • Top Talent Pass (TTPS) Renewal Survey: The Immigration Department reminds TTPS holders that an online labor-market survey receipt is now mandatory for all visa renewals. [5]