Hong Kong’s Oct-Dec unemployment holds steady at 2.9%
FILE PHOTO: A ship sails with a city view in the background in Hong Kong, China November 30, 2023. REUTERS/Tyrone Siu/File Photo
HONG KONG (Reuters) — Hong Kong’s seasonally adjusted unemployment rate stood at 2.9% in October-December, unchanged from the previous three-month period, the government said on Thursday, adding the labour market should stay tight in the near term.
The unemployment rate for September-November and August-October periods were steady at 2.9%, which was slightly up from 2.8% in the July-September period.
«Though the still unfavourable external environment may have some negative effects, the expected further recovery of inbound tourism and private consumption should continue to support labour demand,» Chris Sun, secretary for labour and welfare, said in a statement.
