Hong Kong's unemployment rate for the December to February period stood at 3.8 per cent, down 0.1 percentage point from the previous three months. Improvements were seen in retail, accommodation services, and foundation and superstructure sectors. Secretary for Labour and Welfare Chris Sun Yuk-han said the economy's growth momentum should support the labour market, though some sectors face challenges.
Hong Kong's jobless rate dipped by 0.1 percentage point over the past three months to 3.8 per cent for the December to February period, according to provisional figures released by the Census and Statistics Department. This compares to 3.9 per cent in the November to January period. The underemployment rate remained unchanged at 1.7 per cent, with the number of underemployed people at 63,400, about 1,700 fewer than previously. Unemployment dropped in the retail, accommodation, and foundation and superstructure sectors. “The sustained growth momentum of the Hong Kong economy should continue to support the overall labour market, though employment situations in some local sectors may still face challenges due to their business performances,” Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday. The government would continue to carefully monitor various external uncertainties for any effects on corporate hiring sentiment in the relevant sectors.
