DDHK. ORG – Unemployment rate Hong Kong seasonally adjusted, down to 3,8 percent in the August-October 2022 period.
It greatly improved for the sixth straight period due to activity Economic bounce back in a easing COVID situation. The official data was shown last Thursday.
According to the Census and Statistics Department, the number of unemployed was at 3,9 percent in the previous three-month rolling period.
The underemployment rate also decreased from 1,8 percent in the July-September period to 1,7 percent in August-October 2022.
"As long as the epidemic remains under control and anti-epidemic measures are relaxed, coupled with the help of the Consumption Voucher Scheme, economic activity will gradually return to normal," said Labor and Welfare Secretary Chris Sun.
Many major economic sectors experienced declines in unemployment (not seasonally adjusted) and underemployment.
In the unemployment rate, the decline was more marked in the decoration, building repair and maintenance sectors; retail sector; and the food and beverage service activity sector, the government said in a statement.
Total employment increased by around 19.700 from 3.628.900 in July-September to 3.648.600 in August-October.
Unemployment Rate
The number of unemployed, not seasonally adjusted, fell by around 7.900 to 147.400 in August-October, while the number of underemployed fell by around 5.600 from 69.000.
Later, the head of labor said, the short-term prospects for the labor market will depend on the performance of domestic economic activity.
"Tight financial conditions will continue to limit demand," he said. [DDHK News]
