Published: 18:05, May 20, 2024
Hong Kong jobless rate remains stable in Feb-April
By Wang Zhan
People cross the road in Sai Ying Pun, Hong Kong amid hot and humid weather, April 22, 2024. (SHAMIM ASHRAF / CHINA DAILY)

The seasonally adjusted unemployment and underemployment rates in Hong Kong remained unchanged in February-April compared to data from January-March, the latest official statistics showed.

According to the data released by the Census and Statistics Department on Monday, the city’s unemployment rate stood at 3.0 percent from February to April, while the underemployment rate was 1.1 percent.

Secretary for Labour and Welfare Chris Sun Yuk-han said the labor force increased by 7,700 to 3,807,800, and the total employment bounced back by 5,700 to 3,694,100

The number of unemployed persons increased by around 2,000 from 111,700 in January-March to 113,700 in February-April. The number of underemployed persons slightly added 500 to 40,500 over the same period.

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Secretary for Labour and Welfare Chris Sun Yuk-han said the labor force increased by 7,700 to 3,807,800, and the total employment bounced back by 5,700 to 3,694,100.

"Continued economic growth is expected to keep the labor market tight in the near term," Sun said.

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According to the Labour Department, Hong Kong’s job market recorded a monthly average of 75,425 vacancies in the private sector in February-April, down 2.7 percent from January-March and 29.2 percent year-on-year.

The department said it will hold a job fair on May 30 and 31 in Wan Chai, with about 60 employers participating and offering various opportunities.