Unemployment rate stays at 2.9%

The seasonally adjusted unemployment rate stood at 2.9% for the period between December 2023 and February 2024, unchanged from November 2023 to January 2024, the Census & Statistics Department announced today.


The underemployment rate also remained unchanged, at 1%.


Total employment decreased by around 2,300 to 3,694,700, while the labour force shrank by around 2,700, to 3,797,000.


The number of unemployed people was 102,300, unchanged from the preceding three-month period. The number of underemployed people decreased by around 1,200 to 37,600.


Besides highlighting that the unemployment rates of various sectors remain low, Secretary for Labour & Welfare Chris Sun said the labour market is expected to stay tight in the near term, in parallel with continued growth in the local economy.


Popular posts from this blog

How to get clean water in Hong Kong ?

23 building plans approved in Jan

HK fencers score medals