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.
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