Financial News: Hong Kong Jobless Rate Falls To 3.8%

Hong Kong Jobless Rate Falls To 3.8%

11/18/2025 - 03:53:00 (RTTNews)

(RTTNews) - Hong Kong's unemployment rate decreased slightly in the August to October period, labor force statistics from the Census and Statistics Department showed on Tuesday.

The seasonally adjusted unemployment rate stood at 3.8 percent in August-October, down from 3.9 in the July to September period.

The data showed that the underemployment rate remained stable at 1.6 percent.

Without adjustment, the unemployment rate dropped to 3.9 percent from 4.1 percent.

The number of unemployed persons was 149,600, compared to 155,600 in the July to September period.

The unemployment rate increased in many major economic sectors, with more distinct increases observed in the retail, accommodation, and food services sector; professional and business services sector; foundation and superstructure sector; and financing sector.

Looking ahead, the solid expansion of the economy, along with the steadfast improvement in business sentiment and the gradual recovery in consumption confidence, should provide support to the labor market, Chris Sun, the secretary for labor and welfare, said.

"However, the employment situations of some sectors would continue to face challenges from economic restructuring."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Malaysia Jobless Rate Steady At 3.0% (01 hr(s), 10 min(s), 14 sec(s) ago)
(RTTNews) - Malaysia's unemployment rate held steady for the sixth straight month in October, ...Full Story»

China Inflation Accelerates In November (03 hr(s), 52 min(s), 14 sec(s) ago)
(RTTNews) - China's consumer price inflation accelerated in November and factory gate prices c ...Full Story»

Japan Producer Prices Rise 0.3% In November (02 min(s), 46 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 0.3 percent on month in November, the Bank of Japan s ...Full Story»

China Inflation Data Due On Wednesday (37 min(s), 46 sec(s) ago)
(RTTNews) - China will on Friday release November numbers for consumer and producer prices, highli ...Full Story»

Ten-Year Note Auction Attracts Average Demand (43 min(s), 46 sec(s) ago)
(RTTNews) - The Treasury Department continued this week's series of announcements of the resul ...Full Story»

U.S. Leading Economic Index Falls 0.3% In September (38 min(s), 46 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Tuesday showed a continued decrease by it ...Full Story»

U.S. Job Openings Edge Slightly Higher In October (26 min(s), 46 sec(s) ago)
(RTTNews) - Job openings in the U.S. edged slightly higher in the month of October, according to a ...Full Story»

Denmark Trade Surplus Shrinks In October (43 min(s), 46 sec(s) ago)
(RTTNews) - Denmark's foreign trade surplus decreased in October as exports fell amid an incre ...Full Story»