Hong Kong’s unemployment rate remained stable at 2.8% for the August-October period, according to the Census and Statistics Department. This is the same rate as the July-September period, indicating a consistently tight labor market.
The underemployment rate also remained unchanged at 1.1% during the same period.
Total employment increased slightly, with the labor force also seeing a marginal increase. Specific sectors experienced varying degrees of change.
Secretary for Labour and Welfare, Dr. Law Chi-kwong, commented on the latest figures, noting the stable unemployment rate. He stated that the labor market is expected to remain tight in the near term, but the government will continue to monitor the situation closely, paying attention to external uncertainties that may affect the local economy and employment.
Detailed figures reveal that increases in employment were mainly seen in sectors like:
- Arts, entertainment and recreation
- Real estate activities
- Transportation
However, decreases in employment were observed in the construction sector.
