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Hong Kong's Nov-Jan. Jobless Rate Falls

Wednesday, 22 February 2012 | 00:00
Hong Kong's jobless rate declined to 3.2 percent during three-months to January from 3.3 percent during October to December, the Census and Statistics Department said Tuesday.
The underemployment rate, meanwhile, rose to 1.5 percent from 1.4 percent during the previous three months. The number of unemployed persons decreased by around 4,200 to 111,800 during three months ended January.
Secretary for Labour and Welfare, Matthew Cheung Kin-chung said the unemployment rate could face some upward pressure in the coming months as business activity returns to normalcy after the Lunar holidays. Weak export outlook due to European debt crisis may also contribute to the poor employment prospects, the official added.
Total employment increased by around 15, 900 from the preceding three months to 3.6 million in November-January period.
Source: RTT News
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