Financial News: Hong Kong Jobless Rate Rises To 3.1%

Hong Kong Jobless Rate Rises To 3.1%

11/18/2024 - 04:03:00 (RTTNews)

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

The seasonally adjusted unemployment rate came in at 3.1 percent in the August to October period, up from 3.0 percent in the July-September period.

The data showed that the underemployment rate dropped to 1.1 percent from 1.2 percent.

Without adjustment, the unemployment rate rose to 3.2 percent from 3.1 percent.

The number of unemployed persons was 120,700, compared to 119,900 in the July-September period.

"The labor market should remain tight in the near term alongside the continued economic growth, though the employment situation may continue to vary across sectors depending on their business performances," Chris Sun, the secretary for labor and welfare, said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Spain Trade Gap Narrows In September (01 hr(s), 27 min(s), 30 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit decreased in September from a year ago, as exports g ...Full Story»

Swiss Industrial Production Grows In Q3 (01 hr(s), 36 min(s), 30 sec(s) ago)
(RTTNews) - Switzerland's industrial production expanded further in the third quarter, provisi ...Full Story»

Thai GDP Expands Most In 2 Years (01 hr(s), 39 min(s), 30 sec(s) ago)
(RTTNews) - The Thai economy grew at the fastest pace in two years in the third quarter on strong ...Full Story»

Hong Kong Jobless Rate Rises To 3.1% (03 hr(s), 20 min(s), 30 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate increased slightly in the August to October period, ...Full Story»

Czech Producer Price Inflation Rises To 0.8% (03 hr(s), 39 min(s), 30 sec(s) ago)
(RTTNews) - The Czech Republic's industrial producer price inflation increased somewhat in Oct ...Full Story»

BoJ Chief Says Future Rate Decisions Will Be Data Dependent (04 hr(s), 22 min(s), 30 sec(s) ago)
(RTTNews) - Bank of Japan Governor Kazuo Ueda said the future interest rate decisions will be data ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (07 hr(s), 19 min(s), 30 sec(s) ago)
(RTTNews) - Foreign trade data from the euro area is the only major statistical report due on Mond ...Full Story»

Thai GDP Growth Accelerates In Q3 (21 min(s), 30 sec(s) ago)
(RTTNews) - Thailand's economic growth accelerated in the third quarter, data from the Office ...Full Story»