HK’s adjusted jobless rate stays flat at 3.3%

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January 20, 2015

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HK’s adjusted jobless rate stays flat at 3.3%

Source: Xinhua | January 20, 2015, Tuesday |

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HONG Kong’s seasonally adjusted unemployment rate stood at 3.3 percent in the October-December period, flat from the September-November period, according to data released yesterday the city’s Census and Statistics Department.

For 2014, the labor force and total employment grew by 0.7 percent and 0.9 percent, said Matthew Cheung, secretary for labor and welfare, adding the annual jobless rate dipped from 3.4 percent in 2013 to 3.2 percent in 2014.

Comparing the October-December period with the September-November period, the jobless rate rose in the information and communications and real estate sectors, while it fell in the retail, food and beverage service sectors.

“The labor market held broadly stable in October-December 2014, with the seasonally adjusted unemployment rate staying at 3.3 percent for the sixth consecutive period. Both total employment and labor force kept growing moderately over a year earlier,” Cheung said.

On the short-term outlook, he said: “As labor demand will likely stay resilient during the New Year festive period, the unemployment rate can be expected to remain at a relatively low level in the near term.”

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HK’s adjusted jobless rate stays flat at 3.3%

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