Unemployment rate rose by 0.1 percentage point to 3.2% in November

Social News

Written by: Huang Yongyu

2019-12-17 16:40

Demonstrated opposition to amendments to the Fugitives Ordinance for more than five months. The Census and Statistics Department today (17th) released the latest labour force statistics. From September to November, the unemployment rate in Hong Kong was 3.2%, an increase of 0.1 percentage point from 3.1% in August to October. The underemployment rate remained unchanged during the two periods, remaining at 1.2%.

The Secretary for Labour and Welfare, Mr Law Chi-kwong, said that the economic situation continued to deteriorate, which further slowed the labor market. The seasonally adjusted unemployment rate increased by 0.1 percentage point to 3.2% from September to November 2019, while the underemployment rate remained at 1.2%. The year-on-year decline in total employment has further expanded.

He also pointed out that, as a result of local social events, the unemployment rate in the consumer and tourism-related industries (that is, the retail, accommodation and catering services industries) rose further to 5.2%, the highest level in three years. Among them, the unemployment rate in the food service industry has risen to 6.2%, the highest level in more than eight years. Unemployment rates in other industries have also increased.

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