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Financial News: Hong Kong's Unemployment Rate Declines

Hong Kong's Unemployment Rate Declines

05/17/2018 - 08:19:00 (RTTNews)

(RTTNews) - Hong Kong's unemployment rate declined in three months to April, the Census and Statistics Department reported Thursday.

The jobless rate fell to seasonally adjusted 2.8 percent in February to April from 2.9 percent in January to March period.

The underemployment rate remained unchanged at 1.0 percent in three months to April.

The number of unemployed increased by around 800 to 112,900, while total employment decreased by around 5,800 to 3.86 million in February to April.

Secretary for Labour and Welfare, Law Chi-kwong said, "Overall labor market conditions will likely remain tight in the near term amid the prevailing positive economic environment. Yet, we will stay vigilant and closely monitor the relevant developments."

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