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23% drop in 20-24 year old "labor force" in 6 months

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  1. #1

    Join Date
    Dec 2003
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    23% drop in 20-24 year old "labor force" in 6 months


  2. #2

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    Need to look at this a bit more ... the figures are related to the "labour force". Not sure what that means or how it is calculated, as opposed to just counting the raw numbers / headcount.

    Among the 15 to 24-year-old group, the labor force decreased by about 50,100 compared with the end of last year, a drop of more than 20%.

  3. #3

    Join Date
    Nov 2015
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    958

    He bets...
    the borders are still closed.
    more like the new arrangement made them all disappear


  4. #4

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    Will read the report over the rest of the day.. but here are some points.

    2. Labour Force Framework

    2.1 In accordance with the conceptual framework
    recommended by the ILO, individuals in the population can
    be divided into two main groups according to their economic
    activity status, viz. the economically active population and
    the economically inactive population.

    2.2 The economically active population, also known as
    the labour force, comprises the employed population and the
    unemployed population.

    2.3 The employed population comprises all persons aged
    15 and over who have been engaged in performing work for
    pay or profit during the 7 days before enumeration or who
    have had formal job attachment.

    2.4 Among the employed population, a group of
    underemployed persons can be differentiated for further
    analysis.
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  5. #5

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    From this chart ... it appears that the stats are related more to unemployment / participation rates in the labour force, than people 23% of the yoots leaving HK.

    20-24 year old participation rate was 54.8% in Q2 2021 and dropped to 52.7% in Q2 2022.

    I am sure some of this is related to emigration, but I also think that the bulk might be related to recent covid related restrictions - F&B in particular?

    Whatever the cause - it is worth looking deeper into the numbers before shitposting.

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    More here: https://www.censtatd.gov.hk/en/data/...00.pdf?noembed

    (Some of the numbers don't make sense ... wish they provided more context..)

    jgl likes this.

  6. #6

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    They're all in jail from the protests or the National Security Law so not participating in the (voluntary) labor force...


  7. #7

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    So, we have accounted for the loss of about 10-12 yoots from the labour force. Excellent start...

    jgl, MABinPengChau and ramelec like this.

  8. #8

    Join Date
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    Quote Originally Posted by MABinPengChau:
    They're all in jail from the protests or the National Security Law so not participating in the (voluntary) labor force...
    Thought the same but comments do disappear sometimes

  9. #9

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    Fill them up with the GBA from China!


  10. #10

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    World Bank data from 2020 for every country (well, the ones that they can get data from).

    Most countries look a hell of a lot worse...

    https://data.worldbank.org/indicator...S?locations=HK