Unemployment rate｜The latest drop of 0.1 percentage points to 3.4%, falling for 9 consecutive months to the level at the beginning of the epidemic three years ago

The Census and Statistics Department announced this afternoon (16th) that the latest unemployment rate from November 2022 to January 2023 is 3.4%, a drop of 0.1 percentage points from the 3.5% announced last time, and the level of 3.4% is exactly the same as in November 2019. From January to January 2020, that is, from before the epidemic to the initial stage.

The latest number of unemployed persons was 118,000, a decrease of 7,600 from the 126,000 reported last time.

(File photo/Reuters)

▼The job fair situation of the Labor Department▼

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Unemployment fell by 76 million to 118,000

The Census and Statistics Department announced that the latest unemployment rate is 3.4%, which is 0.1 percentage point lower than the 3.5% from October to December 2022.

The number of unemployed fell by 7,600 to 118,000.

The underemployment rate also fell by 0.1 percentage points

The latest underemployment rate was 1.4%, also down 0.1 percentage points from 1.5% in October-December 2022.

Underemployment fell by about 3,200 from 55,000 to 52,000.

Sun Yuhan, Secretary of the Labor and Welfare Bureau, said that the number of unemployed people decreased by 7,600 to 118,400. Analyzed by industry, the unemployment rate of most other industries also fell, especially the construction industry.

The latest unemployment rate combined with consumption and tourism-related industries (i.e. retail, accommodation and catering services) also fell by 0.2 percentage points from the previous announcement to 4.5%.

Among them, the unemployment rate of the retail industry fell by 0.4 percentage points to 4.2%, and the unemployment rate of the catering service industry fell slightly by 0.1 percentage points to 4.9%.

Sun Yuhan pointed out that the situation of unemployment and underemployment continues to improve. Looking ahead, Sun Yuhan said that as economic activities gradually return to normal from the epidemic, coupled with the resumption of full customs clearance between Hong Kong and the Mainland, and the rebound in inbound tourism, the labor market situation should further improve in the next few months. improve.

Sun Yuhan, Secretary for Labor and Welfare.

(File photo/Photo by Ou Jiale)

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