empty
 
 

2023.11.1611:45:00UTC+00Hong Kong Jobless Rate Rises To 2.9%

Hong Kong's unemployment rate increased slightly in the August-October period, labour force statistics from the Census and Statistics Department showed on Thursday.

The seasonally adjusted unemployment rate came in at 2.9 percent in the August-October period, up from a stable rate of 2.8 percent in the July-September period.

The data showed that the underemployment rate remained unchanged at 1.0 percent.

On an unadjusted basis, the unemployment rate held steady at 3.0 percent.

The number of unemployed persons was 115,800, compared to 114,00 from July to September of 2023.

"Inbound tourism and local consumption would continue to underpin economic growth in the near term," Mr. Chris Sun, the secretary for labor and welfare, said.

"The labour market should remain tight in the coming months despite some possible negative effects stemming from the difficult external environment."

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback