Financial News: Hong Kong Jobless Rate Steady At 3.0%

Hong Kong Jobless Rate Steady At 3.0%

10/18/2024 - 07:12:00 (RTTNews)

(RTTNews) - Hong Kong's unemployment rate held steady in the July to September period, labor force statistics from the Census and Statistics Department showed on Friday.

The seasonally adjusted unemployment rate came in at 3.0 percent in July to September, the same as in the June-August period.

The data showed that the underemployment rate remained stable at 1.2 percent.

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

The number of unemployed persons was 119,900, compared to 122,300 in the June-August period.

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

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