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Asian Economic News

Hong Kong Jobless Rate Remains Stable

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Hong Kong's unemployment rate remained stable in three months to October, provisional figures from the Census and Statistics Department revealed Tuesday.

The jobless rate came in at seasonally adjusted 3.3 percent in August to October period, same as seen in July to September.

The underemployment rate also remained unchanged at 1.4 percent.

The number of unemployed persons decreased by around 3,500 to 132,300 in three months to October from 135,800 in July to September period.

The Secretary for Labour and Welfare, Matthew Cheung Kin-chung, said in the view of the various downside risks to the near-term economic outlook, the government will stay vigilant and closely monitor whether latest developments might entail more apparent impact on the labor market going forward.

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