55% plunge in new hires as Hong Kong graduates face gloomiest job outlook in 5 years

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Hong Kong university graduates are facing the toughest job market since 2021, with a significant decrease in available positions. In 2025, job vacancies have plummeted by 55% compared to the previous year, reaching a five-year low of 30,798, according to the Joint Institution Job Information System. This decline surpasses even the pandemic-affected year of 2021. The trend has been downward since 2024, with a 22% drop from 2023. Simultaneously, salary growth for new graduates has stagnated, with the average monthly salary increasing by a mere 0.5% to HK$20,961 in 2025. Experts attribute this downturn to factors like the rise of artificial intelligence and an uncertain economic climate, which discourage investment in entry-level positions.
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