Thursday, October 23, 2014   

HK jobless rate steady at 3.1pc
(05-19 16:50)

Hong Kong's unemployment rate remained unchanged during February to April, from the three months up to March, the Census and Statistics Department revealed Monday. The rate stayed at a 16-year low for the fourth consecutive month.
The jobless rate came in at seasonally adjusted 3.1 percent, the same as in January to March period.
The increase in unemployment was mainly were mainly observed in the decoration, repair and maintenance for buildings, and accommodation services sectors, while decreases were mainly seen in the cleaning and similar activities sector, and the foundation and superstructure works of the construction sector.
The underemployment rate increase to 1.4 percent in the period between February and April period from 1.2 percent in January to March.
"With the local economy poised to expand further at a moderate pace, the labour market is expected to remain steady in the near term,'' said the Secretary for Labour and Welfare, Matthew Cheung Kin-chung.   
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