Latest News:  
Beijing   Sunny/Cloudy    2 / -4   City Forecast

People's Daily Online>>China Business

Hong Kong's jobless rate rises to 3.4 pct


08:37, December 20, 2011

HONG KONG, Dec. 19 (Xinhua) -- Hong Kong's unemployment rate increased from 3.3 percent in August-October to 3.4 percent in September-November while the underemployment rate fell from 1.6 percent to 1.5 percent, the authority said on Monday.

According to the news released by the Census & Statistics Department, increases in the unemployment rate were mainly observed in the foundation and superstructure, and warehousing and support activities for transportation sectors.

As for underemployment, decreases were mainly seen in the decoration, repair and maintenance for buildings as well as the food and beverage service activities sector.

Secretary for Labor & Welfare Matthew Cheung said the total employment rose by about 11,000 to reach a new record high of 3,651,100 in September-November, partly because of a seasonal rise in labor demand towards the year-end.

He said since the implementation of the statutory minimum wage, the number of private-sector vacancies recorded by the Labor Department has stayed at a high level of more than 3,000 per working day on average, and this level has been maintained in December so far.

In November, the number of private-sector vacancies recorded by the Labor Department increased 20.3 percent from 85,716 to an all-time high of 103,107, up 46.1 percent over the 70,576 recorded in the same period last year.

Referring to the short-term prospects, Cheung noted that the employers generally tend to stay cautious towards recruitment in face of a more uncertain external environment stemming from the evolving Euro Zone sovereign debt crisis and fragile fundamentals of the advanced economies.

"Nevertheless, the prevailing strength of domestic demand and inbound tourism should render some cushion to upward pressure on the overall unemployment rate in the near term, especially with the seasonal surge in consumption in the run-up to Christmas and New Year," he added.

We Recommend


Leave your comment0 comments

  1. Name


Selections for you

  1. World's shortest living woman

  2. 1st anniversary of panda's arrival in Macao

  3. Female reconnaissance element in training

  4. Wedding dress show held in Hong Kong

Most Popular


  1. US media hypes 'cyber Cold War'
  2. Euro zone makes progress in systemic reforms
  3. Weibo regulations a step on the right path
  4. Real names on Weibo points to progress
  5. China's foreign policy not a matter of tough vs. soft
  6. Growth moderation not "bad thing" for China
  7. Risks behind India's military buildup
  8. 2011: Year of government micro-blogs
  9. Chance of RMB devaluation small
  10. Narrow vision limits China's discourse power

What's happening in China

Peak season for express delivery business

  1. Cloud computing, new priority in Xi'an
  2. English town in rural Beijing a castle in the air
  3. Contraceptive museum plan misfires
  4. South China Sea law research center established
  5. Chinese stocks close down Monday

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance