People use their phones on a train platform in Hong Kong on Feb 9, 2023.
(PHOTO / AFP)
HONG KONG – Hong Kong's seasonally adjusted unemployment rate decreased by 0.1 percentage points to 3.4 percent for the period between November and January compared to the period from October to December, the latest special administrative region government statistics released on Thursday showed.
The underemployment rate also decreased to 1.4 percent during the period, according to a statement from the Census and Statistics Department.
There were 118,400 unemployed people from November to January, a drop of about 7,600 from the preceding three-month period. The number of underemployed people also went down by around 3,200 to 52,100
Total employment decreased by around 3,100 from 3,662,200 while the labor force numbered 3,780,600.
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There were 118,400 unemployed people from November to January, a drop of about 7,600 from the preceding three-month period. The number of underemployed people also went down by around 3,200 to 52,100.
The unemployment rate decreased across almost all the major economic sectors, with more distinct decreases observed in the construction sector and retail sector. As to the underemployment rate, decreases were mainly seen in the decoration, repair and maintenance for buildings sector; retail sector; and transportation sector.
Secretary for Labour and Welfare Chris Sun said the labor market continued to improve and this trend is expected to continue in the coming months.
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"With the economic activities gradually returned from the epidemic to normalcy, coupled with a rebound in inbound tourism alongside the full resumption of normal travel between Hong Kong and the mainland, the labor market conditions in the coming months should be further improved," Sun said.