Jobless rate remains steady, but F&B sector takes hitLocal | 18 Oct 2019 5:17 pm
Hong Kong's jobless rate continued to hold steady from July to September, but the unemployment rate of the food and beverage service activities sector rose sharply to a six-year high of 6 percent.
The Census and Statistics Department said today the seasonally adjusted unemployment rate stood at 2.9 percent, unchanged from June to August.
The underemployment rate also remained unchanged at 1 percent in the two periods.
Secretary for Labour and Welfare, Law Chi-kwong, noted that local consumption and plunging visitor arrivals caused by local social incidents continued to weigh on the labor market.
"The unemployment rate of the consumption- and tourism-related segment – retail, accommodation and food services sectors as a whole – increased further to 4.9 percent, the highest in more than two years," he said.
"Worsened economic conditions will put increasing pressure on the local labor market in the near term."