Hong Kong's Nov-Jan unemployment unchanged at 3.9%, outlook gloomy

[HONGKONG] Hong Kong's seasonally adjusted unemployment rate was unchanged at 3.9 per cent in the November-January quarter, the government said on Monday, and the outlook is overshadowed by a surge in coronavirus cases that is piling pressure on the economy.

The figure was weighed by a Covid-19 outbreak fuelled by the contagious Omicron variant. It compared with 3.9 per cent in the October-December period.

"The deterioration in the local epidemic situation of late will pose further pressure on the labour market," the government said.

REUTERS

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