New crown pneumonia│The unemployment rate drops slightly, the government announces that the unemployment rate fell to 6.1% from May to July

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Written by: Yuan Shu

2020-08-19 16:36

The third wave of the new crown pneumonia epidemic broke out, and the number of cases in Hong Kong has increased sharply. The government has once again tightened epidemic prevention measures, including the ban on food in the evening market and the order for two people to gather together, which has once again affected many industries. The government announced today (19th) the latest figures on the unemployment rate. The unemployment rate from May to July dropped slightly to 6.1%, ending the nine consecutive three-month upward movement; however, the number of unemployed rose to 242,000 , An increase of approximately 1,800 people from the previous period.

The fall in the unemployment rate from May to July 2020 was mainly seen in the information and communications industry, professional and business services (excluding cleaning and similar activities), and the education industry. In terms of underemployment rates, the fall was mainly seen in retail, accommodation and Catering service industry.

According to the latest labor force statistics released by the Census and Statistics Department today (19), the seasonally adjusted unemployment rate dropped from 6.2% from April to June 2020 to 6.1% from May to July 2020. The underemployment rate also dropped from 3.7% from April to June 2020 to 3.5% from May to July 2020.

Information and communications industry and other unemployment rates fell

Compared with April to June 2020, the unemployment rate from May to July 2020 is mainly seen in the information and communications industry, professional and business services (excluding cleaning and similar activities), and education. As for the underemployment rate, the decline was mainly seen in the retail, accommodation and food service industries.

▼The third wave of measures such as the government's extension of the gathering restriction order and the ban on eating in the evening market ▼

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The Director of the Bureau of Labor and Welfare Law Chi Kwong pointed out that the labor market will still face tremendous pressure in the short term. (Photo by Ou Jiale)

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