The unemployment rate remained at 6.4% from August to October, and the unemployed army approached 260,000

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Written by: Huang Yongyu and Yuan Shu

2020-11-17 16:37

Last update date: 2020-11-17 16:37

The new crown pneumonia epidemic has repeatedly hit all walks of life. The government today (17th) announced the latest unemployment rate.

The unemployment rate from August to October remained at 6.4%, the same as the previous period, and tied for a record high in nearly 16 years.

The underemployment rate also remained unchanged during the two periods, at a level of 3.8%.

In addition, the number of unemployed (not seasonally adjusted) was 257,000, a decrease of 2,000 from the 259,000 in July to September.

According to the latest labor force statistics released by the Census and Statistics Department today, the seasonally adjusted unemployment rate from August to October remained at 6.4%, the same as the previous period, while the underemployment rate remained unchanged during the two periods. Maintained at the level of 3.8%.

Compared with July to September, from August to October, the unemployment rate of various industries (not seasonally adjusted) fluctuates differently. Among them, the retail, accommodation and catering service industries have a relatively significant decline, and the increase is mainly Seen in the transportation industry.

As for the underemployment rate, the decline was mainly seen in the education industry, while the increase was mainly seen in the transportation industry.

The Secretary for Labour and Welfare, Law Chi Kwong.

(Photo by Ou Jiale)

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