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January 22, 2020

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HK’s employment rate slips

Hong Kong’s unemployment rate increased to 3.3 percent in the period between October and December 2019, with the unemployment rate for consumption and tourism-related sectors staying at a three-year high of 5.2 percent, the Hong Kong Special Administrative Region government said on Monday.

Hong Kong’s unemployment rate fell to a 20-year low of 2.8 percent in February-April in 2019.

In recent months, however, as Hong Kong’s economy has been dragged down by prolonged unrest, the unemployment rate has steadily increased.

According to the latest labor force statistics released on Monday by the HKSAR government’s Census and Statistics Department, the seasonally adjusted unemployment rate in October-December was 0.1 percent higher than during the September-November period, while the underemployment rate remained at 1.2 percent.

In the October-December period, total employment dropped by 12,800 to 3,817,800 and the labor force decreased by 14,200 to 3,941,800.



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