Financial News: Hong Kong Jobless Rate Lowest Since Late 2019

Hong Kong Jobless Rate Lowest Since Late 2019

03/16/2023 - 05:04:00 (RTTNews)

(RTTNews) - Hong Kong's unemployment rate decreased further to the lowest level in more than three years, the labor force statistics from the Census and Statistics Department showed on Thursday.

The seasonally adjusted unemployment rate fell slightly to 3.3 percent in the December to February period from 3.4 percent in the November to January period.

Further, this was the lowest unemployment rate since the October to December period in 2019, when it was also 3.3 percent.

The underemployment rate edged down to 1.3 percent in the three months to February from 1.4 percent in the preceding period.

The number of unemployed decreased by around 2,700 to 115,700. Data showed that total employment fell by around 12,000 to 3.66 million in the December to February period.

Considering major economic sectors, more distinct decreases were observed in the retail, transportation, and arts, entertainment, and recreation sectors.

"The labour market conditions should improve further in the near term alongside the continued return of economic activities to normalcy and the rebound in inbound tourism," the Secretary for Labor and Welfare Chris Sun said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Trade Gap Narrows In January (42 min(s), 55 sec(s) ago)
(RTTNews) - Euro area trade deficit narrowed at the start of the year as the pace of fall in impor ...Full Story»

Poland Industrial Output Contracts; Producer Price Inflation At 1-Year Low (01 hr(s), 16 min(s), 55 sec(s) ago)
(RTTNews) - Poland's industrial production declined for the first time in thirty-three months ...Full Story»

Taiwan Export Orders Continue To Fall In February (02 hr(s), 40 min(s), 55 sec(s) ago)
(RTTNews) - Taiwan's export orders continued to decline in February, data released by the Mini ...Full Story»

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (04 hr(s), 37 min(s), 55 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (06 hr(s), 04 min(s), 55 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (06 hr(s), 44 min(s), 55 sec(s) ago)
(RTTNews) - Foreign trade from the euro area and producer prices from Germany are the top economic ...Full Story»

China Retains Benchmark Lending Rates As Expected (07 hr(s), 03 min(s), 55 sec(s) ago)
(RTTNews) - China retained its benchmark lending rates for the seventh straight month on Monday af ...Full Story»

China Loan Prime Rate Due On Monday (10 min(s), 05 sec(s) ago)
(RTTNews) - The People's Bank of China will announce its latest loan prime rate numbers, highl ...Full Story»