Financial News: Hong Kong Jobless Rate Rises To 3.4%

Hong Kong Jobless Rate Rises To 3.4%

05/20/2025 - 08:54:00 (RTTNews)

(RTTNews) - Hong Kong's unemployment rate increased in the February-April period, labor force statistics from the Census and Statistics Department showed on Tuesday.

The seasonally adjusted unemployment rate rose to 3.4 percent in February-April, up from 3.2 percent in the January-March period.

The data showed that the underemployment rate climbed to 1.3 percent from 1.1 percent.

On an unadjusted basis, the unemployment rate also rose to 3.4 percent from 3.2 percent.

The number of unemployed persons was 129,400, compared to 122,800 in the January-March period.

"Various industries in Hong Kong are undergoing a transitional period, and the trends of their unemployment rates may go upward or downward," Chris Sun, the secretary for labor and welfare, said.

"However, the recent easing of trade tensions, the continued growth in the mainland economy, the government's various measures to boost economic momentum, and the continuous positive growth of the overall economy will provide support to the labor market."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Jobless Rate Steady At 4.1% (11 min(s), 03 sec(s) ago)
(RTTNews) - Australia's jobless rate remained stable in May, the Australian Bureau of Statisti ...Full Story»

Dutch Jobless Rate Remains Stable At 3.8% (12 min(s), 03 sec(s) ago)
(RTTNews) - The Netherlands' unemployment rate held steady in May, data from the Central Burea ...Full Story»

European Economic News Preview: BoE, SNB Policy Announcements Due (51 min(s), 03 sec(s) ago)
(RTTNews) - The monetary policy announcements from the Bank of England and the Swiss National Bank ...Full Story»

New Zealand GDP Expands 0.8% In Q1 (29 min(s), 57 sec(s) ago)
(RTTNews) - New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent ...Full Story»

Australia Unemployment Data Due On Thursday (15 min(s), 57 sec(s) ago)
(RTTNews) - Australia will on Thursday release May numbers for unemployment, highlighting a light ...Full Story»

Riksbank Signal Another Rate Cut (45 min(s), 57 sec(s) ago)
(RTTNews) - Sweden's central bank lowered its policy rate on Wednesday, as expected, and signa ...Full Story»

Fed Leaves Interest Rates Unchanged, Still Signals Two 2025 Rate Cuts (49 min(s), 57 sec(s) ago)
(RTTNews) - Despite pressure from U.S. President Donald Trump, the Federal Reserve on Wednesday an ...Full Story»

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions (27 min(s), 57 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the details of this month's auction ...Full Story»