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Unemployment steady at 3.3%

January 19, 2016

The seasonally adjusted unemployment rate was 3.3% in October-December, matching that for the September-November period, the Census & Statistics Department announced today.

 

The underemployment rate increased to 1.4%.

 

Increases in unemployment were mainly seen in the information and communications sector.

 

Total employment was 3,803,900, compared to 3,790,600 for September-November.

 

The labour force increased by 5,800 workers to 3,925,500.

 

Secretary for Labour & Welfare Matthew Cheung said while the labour market held stable last year, in view of considerable downside risks to the near-term economic outlook, especially the sustained weak trend in inbound tourism, the Government will stay vigilant and closely monitor developments, particularly the grassroots' employment situation.



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