The Limited Times

Now you can see non-English news...

The unemployment rate in Hong Kong drops to 6.1%, and the unemployment rate in consumer and tourism-related industries hits a new high after SARS

2020-08-19T08:58:13.194Z

The Census and Statistics Department announced that the seasonally adjusted unemployment rate from May to July fell from 6.2% to 6.1%, and the underemployment rate fell from 3.7% to 3.5%. Among them, industries related to consumption and tourism (i.e. retail, accommodation and catering)



Financial News

Written by: Kwong Yueting

2020-08-19 16:46

Last update date: 2020-08-19 16:47

The Census and Statistics Department announced that the seasonally adjusted unemployment rate from May to July fell from 6.2% to 6.1%, and the underemployment rate fell from 3.7% to 3.5%.

Among them, the unemployment rate in consumer and tourism-related industries (ie, retail, accommodation and catering services) rose slightly to 10.8%, the highest level after being hit hard by SARS; the unemployment rate in the catering service activities industry was 14.6%, still close The high after SARS; the unemployment rate in the construction industry rose slightly to 11.3%, the highest level after the global financial crisis. At the same time, unemployment in some industries has improved, especially in the information and communications industry, professional and business services (excluding cleaning and similar activities), and education.

The total number of employed persons rose from 3.6204 million from April to June to 3.637 million from May to July, an increase of approximately 16,600. During the period, the number of unemployed rose from 240,700 to 242,500, an increase of about 1,800.

The Secretary for Labour and Welfare Law Chi-kwong said that the labour market will still face tremendous pressure in the short term. The recent surge in global and local infections has made Hong Kong's economic outlook for the rest of this year even more uncertain. In order to maintain economic vitality, the government has introduced the largest relief measures in history, including a series of measures to protect employment and create jobs, to help protect employees' employment. The government will continue to monitor the situation closely.

New crown pneumonia | The Democratic Party sends a letter to Zhang Jianzong to urge all people to send another 10,000 yuan and establish unemployment assistance

[New Coronary Pneumonia] To avoid unemployment, "stopping hands and mouths" is the only way to change careers?

Unemployment self-help | The tide of layoffs has not stopped the unemployed high-level "pretends to rework" experts give 3 steps to help overcome difficulties

Unemployment rate Hong Kong economy

Source: hk1

All news articles on 2020-08-19

You may like

Trends 24h

News/Politics 2020-11-30T08:18:39.379Z

Latest

© Communities 2019 - Privacy