HK jobless rate falls to 4.2% in June-August

22:26, September 16, 2010      

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Hong Kong Census and Statistics Department announced Thursday the seasonally adjusted unemployment rate dropped from 4.3 percent in May-July to 4.2 percent in June- August.

The underemployment rate also declined from 2 percent to 1.9 percent.

The number of unemployed persons was 167,500 from June to August, about the same as 167,400 in May to July. The number of underemployed persons fell by around 2,400 from 72,900 to 70,500.

The Secretary for Labor and Welfare Matthew Cheung Kin-chung indicated that the labor supply was expected to drop as some of the youngsters, who had joined the workforce during the summer months, went back to school for further study upon commencement of the new academic year in September, thus easing the pressure on unemployment in the near term.

Source: Xinhua


(Editor:李牧(实习))

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