HK’s jobless rate at 4.6pct in Q2

22-Jul-2010 Intellasia | RTT News | 7:01 AM Print This Post

Hong Kong’s seasonally adjusted unemployment rate was 4.6 percent during the three-month ending June, the Census and Statistics Department said Tuesday. The figure matched economists’ expectations and remained unchanged from the jobless rate recorded during the three-month ending May.

The underemployment rate was also unchanged at 2 percent during the second quarter when compared to the three-month period ending May. A significant drop in jobless rate, from the preceding three months, was observed in the construction sector. Meanwhile, there were increases unemployment rate in postal and courier activities as well as in manufacturing.

Total employment increased by around 8,800 in April to June from the previous three-month period and the labour force increased by around 8,300.

“This was the first time since December 2009 – February 2010 that total employment had increased, reflecting that companies have become active in recruitment and that the new jobs created were able to absorb the concurrent increase in labour supply,” Secretary for Labour and Welfare, Matthew Cheung Kin-chung said.

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Category: Hong Kong

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