Hong Kong Jobless Rate Stays Near 4-year High

"Hong Kong Jobless Rate Stays Near 4-year High | AboutHK.Com - more information about HK"

RTTNews The Hong Kong unemployment rate remained unchanged near its four-year high in the three months ending July from the previous three-month period ending June, the Census and Statistics Department said Tuesday. The seasonally adjusted jobless rate stood at 5.4% in the May to July period, unchanged from the April to June period. Economists had expected the rate to edge up to 5.5%. The number of unemployed persons, on a not seasonally adjusted basis, totaled 213,800 in the May to July period, larger than the 203,000 recorded in the April to June period. Meanwhile, the underemployment rate increased to 2.4% from 2.3% in the previous three months period. The number of underemployed persons increased to 88,600 from 84,900. At the same time, total employment decreased by around 900 persons to 3.505 million, compared to the 3.506 million in the April to June period. The labor force increased to a record high of 3.72 million in the May to July period from 3.71 million in the preceding three months period. Comments Please login to post comments or replies.