Hong Kong's unemployment rate held steady in the three months ended September, in line with expectations, provisional figures from the Census and Statistics Department revealed Monday.
The jobless rate came in at a seasonally adjusted 3.3 percent in the July to September period, the same rate as in the June to August period. The figure was also matched with consensus estimate.
Citing unadjusted data, the agency said the joblessness rate increased mainly in the sectors of social work activities, and import and export trade, while decreases were seen in the sectors of accommodation services, food and beverage service activities, and information and communications.
The number of unemployed people decreased to 135,800 in the July to September period from 137,400 in the previous three months.
Employment declined by around 12,300 persons to 3.796 million in the three-month period to September from 3.808 million in the June to August period. The labour force also dropped to 3.932 million from 3.946 million.
"While the labour market has stayed resilient so far this year, the near-term outlook remains clouded by a number of negative developments including the tepid global demand conditions, increased stock market volatility, and slowdown in inbound tourism," Labor and Welfare Secretary Matthew Cheung said.
"We will stay vigilant and closely monitor developments, in particular the employment situation of grassroots workers."
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