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HK Latest Jobless Rate Hikes to 3.4%, In Line, Setting Over 3-yr High
According to the latest labour force statistics (i.e. provisional figures for November 2019 - January 2020) released today (February 18) by the Census and Statistics Department (C&...
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HK Latest Jobless Rate Hikes to 3.4%, In Line, Setting Over 3-yr High
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2020/02/18 16:40
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According to the latest labour force statistics (i.e. provisional figures for November 2019 - January 2020) released today (February 18) by the Census and Statistics Department (C&SD), the seasonally adjusted unemployment rate increased from 3.3% in October - December 2019 to 3.4% in November 2019 - January 2020. The underemployment rate remained unchanged at 1.2% in the two periods.

The Secretary for Labour and Welfare, Dr Law Chi-kwong, said the employment situation of the consumption- and tourism-related sectors (viz. retail, accommodation and food services sectors) remained difficult. The unemployment rate of these sectors combined stayed at 5.2%, the highest in more than three years, and employment continued to fall sharply on a year-on-year basis. Meanwhile, the unemployment rate of the construction sector increased further to 5.7%, the highest level in close to six years, and that of the import/export trade and wholesale sector deteriorated visibly
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