H. Kong’s unemployment rate rises slightly in 3m

Hong Kong’s unemployment rate (seasonally adjusted) increased to 3.1 per cent in August-October from 3.0 per cent in July-September 2024, while the underemployment rate fell from 1.2 per cent to 1.1 per cent.

From August to October 2024, the unemployment rate rose in key economic sectors like cleaning, arts, entertainment, and transport. Underemployment decreased in the construction and warehousing sectors during the same period.

In terms of overall numbers, total employment decreased by approximately 3,100, from 3,710,200 to 3,707,100. The labour force also declined by around 2,200, from 3,830,100 to 3,827,900.

The number of unemployed persons increased by approximately 800, while the number of underemployed persons decreased by around 3,700.

Attribution: Census and Statistics Department report

Subediting: Y.Yasser