Unemployment rate was 3.7 per cent for January to March, down 0.1 percentage point from 3.8 per cent for the preceding three-month period
Hong Kong’s unemployment rate fell by 0.1 percentage point to 3.7 per cent in the first quarter, marking a second consecutive decline across rolling three-month periods.
The Census and Statistics Department said on Thursday the jobless rate stood at 3.7 per cent for January to March, down from 3.8 per cent in the preceding period from December to February.
The underemployment rate also edged down by 0.1 percentage point, from 1.7 per cent to 1.6 per cent over the same periods.
The accommodation services sector recorded a more notable drop in unemployment, while the foundation and superstructure sector saw an improvement in underemployment, according to the department.
Secretary for Labour and Welfare Chris Sun Yuk-han said the labour force and total employment “decreased slightly”.
“The sustained growth of the Hong Kong economy should underpin the overall labour market,” Sun said. “The government will continue to closely monitor the developments in geopolitical tensions and assess the potential implications for the labour market.”
Source: News - South China Morning Post
