HK's unemployment rate edges up to 3.9pc
Hong Kong's jobless rate increased slightly to 3.9 percent between July and September, but the government expressed optimism that economic expansion and rising visitor arrivals would support local employment. Figures released by the Census and Statistics Department on Thursday showed the unemployment rate edged up by 0.1 percentage point from the June-to-August period. The underemployment rate…
Hong Kong's unemployment rate rose slightly to 3.9 percent between July and September, according to figures released by the government. However, officials remain optimistic that economic growth and increased tourism will help bolster local job opportunities. The unemployment rate climbed by 0.1 percentage point from the previous quarter, while the underemployment rate also increased by a similar margin to 2 percent.
The government noted that the sectors experiencing the most significant jobless rate increases included social work activities and warehousing, along with support services for transportation. Underemployment was primarily reported in the food and beverage and retail industries. Despite these challenges, the government anticipates that sustained economic expansion, improved business sentiment, and continued visitor arrivals will strengthen the overall employment situation, particularly in sectors related to consumption and tourism.
Chris Sun, Secretary for Labour and Welfare, stated that the government will continue to monitor potential external uncertainties and provide support to job seekers.
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