According to the latest labour force statistics released by the Census and Statistics Department today (18th), the seasonally adjusted unemployment rate fell from 4.1% in September-November 2021 to 3.9% in October-December 2021.
The underemployment rate also fell from 1.8% in September-November 2021 to 1.7% in October-December 2021.
Total employment rose 7,400 to 3,680,700.
Law Chi-kwong, Secretary for Labour and Welfare, said that the economy continued to recover and the labour market continued to improve during the period, but he mentioned that due to the epidemic, employment in consumer-related industries would face some pressure in the short term.
According to the Census and Statistics Department, the unemployment rate (not seasonally adjusted) fell in almost all major economic sectors from October to December, with relatively notable declines in construction, retail, accommodation and food services, and education. decline.
As for the underemployment rate, declines were mainly seen in the transport and education sectors.
Total employment rose by about 7,400 from 3,673,300 in September-November to 3,680,700 in October-December.
During the same period, the total labor force dropped by about 7,300 from 3,831,300 to 3,824,000.
Unemployment (not seasonally adjusted) fell by about 14,700 to 143,300 in October-December from 158,000 in September-November.
The number of underemployed persons also fell from 70,000 to 66,800 over the same period, a decrease of about 3,200.
Law Chi-kwong, Secretary for Labour and Welfare, said that the economy continued to recover from October to December last year, and the labour market continued to improve during the period.
The seasonally adjusted unemployment rate from October to December fell by 0.2 percentage points to 3.9% from September to November, and the underemployment rate edged down by 0.1 percentage points to 1.7%.
Over the same period, total employment rose by 7,400 to 3,680,700, while unemployment fell by 14,700 to 143,300.
Analysed by industry, the unemployment rate in most sectors of the economy fell in October-December from the previous three-month period.
Consumer sentiment improved in the fourth quarter of last year, with the unemployment rate in the consumer- and tourism-related industries combined fell 0.9 percentage points to 5.4 percent.
The unemployment rates of the food service activities and retail industries decreased by 1.0 percentage points and 0.9 percentage points to 5.9% and 5.2% respectively.
▼The fifth round of anti-epidemic funds for all walks of life ▼
+1
Law Zhiguang said that in response to the recent new wave of local epidemics and the tightening of social distancing measures, the employment situation in consumer-related industries will face some pressure in the short term. He mentioned that the new "Anti-epidemic Fund" A round of measures "should provide some relief".
The development of the labor market in the coming months will depend on the pace of the local epidemic and economic recovery.
The Labour Department recorded an average of 107,334 vacancies from the private sector per month from October to December, an increase of 1.4% over the average of September to November and an increase of 73.6% year-on-year.
The fifth round of the Anti-epidemic Fund is available for various industries.
(Hong Kong 01 cartography)
Continued one-off bailout?
Chen Maobo: There are voices worrying that unemployment aid has become habitual, and the Labour and Welfare Bureau has vetoed the election of the chief executive | The joint platform of the labor sector advocates the establishment of unemployment protection, and it is proposed to meet candidates for the adoption of the budget. Unemployment rate of students 2 mosquitoes riding a car | fell for 9 consecutive months to 4.1%, the employment situation of the catering industry continued to improve