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Hong Kong Jobless Rate Remains Stable

Hong Kong's unemployment rate remained stable in three months to July, the Census and Statistics Department reported Thursday.

The unemployment rate came in at 3.1 percent in three months to July, the same rate as seen in three months to June. The rate was forecast to rise to 3.2 percent.

Total employment increased by around 11,400 to 3.83 million in May to July period. At the same time, unemployment increased by around 3,000 to 128,200.

The Secretary for Labour and Welfare, Law Chi-kwong, said, "In the near term, the overall labor market conditions are expected to remain tight alongside a generally positive hiring sentiment.

"Yet, we will stay vigilant and closely monitor the developments in the external environment and their potential impacts on the local labour market in the months ahead," the secretary added.

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