Multi-sector How is Google search for unemployment evolving in Hong Kong?
With the Covid-19 pandemic leading to economic uncertainty and job losses, Google search interest in unemployment remains high.
- Search activity in Hong Kong began to increase in February, though it remained relatively low until April.
- After peaking on April 8 at ~50x the early February level, activity has fallen.
- Hong Kong search interest remains high in historical terms and far exceeds levels during and after the Global Financial Crisis.
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Daily Hong Kong Search Interest in Unemployment vs. Australia, Brazil and Canada
Source: UBS Evidence Lab, Google
Weekly Hong Kong Search Interest in Unemployment
Source: UBS Evidence Lab, Google
