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JOBS
The region as a whole will see office employment increase by
2.3% this year as economic conditions remain conducive, with
China contributing 80% of new employment in the region.
Excluding China, the region’s emerging markets remains the
chief source of gains, with Indonesia and the outsourcing
hubs of India and Philippines expected to register the highest
jobs created this year. Ongoing investments in infrastructure is
likely to sustain continued employment gains in the emerging
economies. Australia will buck the region-wide trend with
office employment expected to remain largely flat. However,
the Victoria state remains a bright spark and is expected to
be the chief source of job creation amongst the Australian
states and territories over the next five years. In particular,
the state’s capital city, Melbourne, has seen record interstate
migration as a number of corporate and public agencies
set up headquarters there, the most recent being Chinese
e-commerce giant Alibaba.
Global banks are once again
on a hiring spree in keyAsian
markets in an attempt to capitalize
on growth in the region.