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Unemployment steady at 3.4%

July 19, 2016

The seasonally adjusted unemployment rate stood at 3.4% in the April-to-June quarter, unchanged from the March-to-May period, the Census & Statistics Department said today.

 

The underemployment rate stayed at 1.4%.

 

Non-seasonally adjusted increases in the unemployment rate were mainly seen in the real estate sector and education sector, while decreases were mainly seen in the construction sector as well as the business services (excluding cleaning and similar activities) sector.

 

Total employment increased by 6,200 to 3,807,100 during the period, and the labour force increased by 7,700 to 3,943,200.

 

There were 136,100 unemployed people and 54,100 underemployed people.

 

Secretary for Labour & Welfare Matthew Cheung said the labour market held broadly stable in overall terms. Total employment grew mildly over a year earlier, reflecting the slow economic growth.

 

He said the employment outlook remains overshadowed by the increased external headwinds and the concurrent slowdown in inbound tourism and local consumption market.

 

"With the entry of fresh graduates and school leavers into the labour force during the summer season, the labour supply is likely to be boosted in the coming months. We will stay vigilant and monitor developments closely," he added.



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