The Limited Times

Now you can see non-English news...

Unemployment rate|The latest unemployment rate rose to 6.6%, about 246,000 unemployed hit a new high in more than 16 years

2021-01-19T08:59:03.011Z


The new crown pneumonia epidemic has repeatedly hit all walks of life. Financial Secretary Chen Maobo has already foretold a 16-year high on Sunday (17th). The government announced today (19th) the latest unemployment rate, unemployment from October to December 2020


Social News

Written by: Yuan Shu Huang Yongyu

2021-01-19 16:40

Last update date: 2021-01-19 16:51

The new crown pneumonia epidemic has repeatedly hit all walks of life. Financial Secretary Chen Maobo has already foretold a 16-year high on Sunday (17th).

The government announced the latest unemployment rate today (19th). The unemployment rate from October to December 2020 rose to 6.6%, which is 0.3 percentage points higher than the previous period (September to November), a record high in nearly 16 years. 245,800 people were unemployed.

Comparing the figures for the same period in other countries and regions, the unemployment rate in the United States in December last year was 6.7%, the unemployment rate in Canada in November last year was 8.9%, while the unemployment rate in Singapore, Macau and Taiwan was only about 3% to 4% in the same period.

The government announced last month that the unemployment rate from October to November was 6.3%, and the number of unemployed exceeded 240,000.

(Profile picture / Photo by Liang Pengwei)

The highest unemployment rate during SARS was 8.7%

However, the latest unemployment rate has not reached the highest level of SARS.

Looking through the data, Hong Kong’s unemployment rate was hit hard by the SARS epidemic in 2003. The unemployment rate in Hong Kong was 7.9%. From May to July, the unemployment rate in Hong Kong hit a record high of 8.7%, and the number of unemployed people exceeded 300,000.

▼Social distancing measures will continue until January 20▼

+8

+8

+8

According to the latest unemployment rate figures from the Census and Statistics Department, the unemployment rate from October to December 2020 is 6.6%, which is 0.3% higher than the 6.3% in November.

The number of unemployed soldiers has increased from about 244,000 to 245,800, an increase of 1,500.

The underemployment rate remained unchanged during the two periods at 3.4%.

The Secretary for Labour and Welfare, Law Chi Kwong.

(Data Picture/Photo by Liang Pengwei)

Macau's latest unemployment rate is only 2.9%

Comparing the figures for the same period in other countries and regions, the unemployment rate in the United States was 6.7% in December last year, the unemployment rate in Canada was 8.9% in November last year, the unemployment rate in the United Kingdom was 4.9% from August to October, and Singapore was in October. The unemployment rate in Macao was 3.3%, Macau’s overall unemployment rate from September to November was 2.9%, and Taiwan’s unemployment rate in November was 3.75%.

New crown pneumonia | Chen Maobo: The latest unemployment rate breaks through 16 years of high labor market pressure

The University of Hong Kong raised its economic forecast for Hong Kong last year and expects GDP to increase by 2.6% in the first quarter of this year and unemployment rate at 6%

Data Interaction|The Government’s Employment Guarantee Program has a high unemployment rate in one industry, but the amount of subsidy is low

New crown pneumonia | Chen Maobo: next year’s budget will inevitably prevent uncontrollable deficit and unemployment rate will rise again

Leung Siu Kee, President of the Hong Kong General Chamber of Commerce: Before the Lunar New Year there is another wave of layoffs, the unemployment rate may exceed 7%

01News

Unemployment rate Luo Zhiguang Covid-19

Source: hk1

All news articles on 2021-01-19

You may like

News/Politics 2024-03-28T14:45:18.495Z
News/Politics 2024-02-29T10:15:31.108Z
News/Politics 2024-03-28T10:04:50.982Z
News/Politics 2024-03-28T09:36:50.877Z
Life/Entertain 2024-01-31T11:11:04.424Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.