The seasonally adjusted unemployment rate in Hong Kong stood at 3.1 percent from May to July, 2017, same as that from April to June this year, the Census and Statistics Department (C&SD) of the Hong Kong Special Administrative Region (HKSAR) government said here on Thursday.
The underemployment rate decreased from 1.2 percent in April to June to 1.1 percent from May to July, 2017, according to the data.
Total employment increased by around 11,400 from 3,822,100 to 3,833,500 in the three months ended July, while over the same period, the labor force also increased by around 14,500 from 3,947,200 to 3,961,700, the C&SD said.
In addition, the number of underemployed persons decreased by around 1,200 from 45,500 to 44,300 in the noted period, the C&SD said.
The Secretary for Labour and Welfare of the HKSAR government Law Chi-kwong said the labor market remained in full employment amid the favorable market conditions, and the underemployment rate edged down by 0.1 percentage point to 1.1 percent, which was the lowest level in almost two decades.
On the short-term outlook, Law said the overall labour market conditions are expected to remain tight alongside a generally positive hiring sentiment, yet the HKSAR government will stay vigilant and closely monitor the developments in the external environment and their potential impacts on the local labour market.
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