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Job hunting? Try Hong Kong.

Hong Kong's unemployment drops to one of the lowest in the world.

Tyrone Siu / Reuters / File
Would you consider taking home a paycheck in this currency? In this file photo from July 20, an employee of the Hong Kong Monetary Authority holds up the new HK$1000 banknote. While economies struggle worldwide, Hong Kong's unemployment remains low.

While America and many other Western countries suffer from high unemployment, unemployment declines rapidly in the world's freest economy, Hong Kong. Compared to a year earlier, the unemployment rate has dropped from an already relatively low 5.5% to 4.2%, while the underemployment (people with part-time jobs that wants full-time jobs) rate has dropped from 2.4% to 1.9%.

While unemployment is still somewhat higher than during the lows reached during the previous economic boom, Hong Kong unemployment is only slightly above pre-crisis levels and is among the lowest in the world in an absolute sense.

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