Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Econ>HK Latest Jobless Rate Hikes to 3.7%, More than Expected
Recommend 2 Positive 2 Negative 9 |
||||
|
||||
|
According to the latest labour force statistics released by the Census and Statistics Department (C&SD), the seasonally adjusted unemployment rate of Hong Kong increased from 3.5% in April - June 2025 to 3.7% in May - July 2025, more than the 3.5% in consensus. The underemployment rate remained unchanged at 1.4% in the two periods. The Secretary for Labour and Welfare, Chris Sun, said that although the latest unemployment rate rose slightly over the preceding three-month period, he noted the positive development that the total employment also increased during the same period. The uptick in the number of unemployed persons was partly attributable to the influx of fresh graduates and school leavers entering the labour market. Looking ahead, Sun said that the sustained growth of the Hong Kong economy should be able to drive job creation, creating more employment opportunities for fresh graduates and school leavers joining the labour force. While unemployment rates across various industries will continue to hinge on their respective business conditions, the Government's various measures to promote economic growth, bolster consumption sentiment and attract investment are anticipated to support the overall labour demand. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
