Hong Kong's Sept-Nov unemployment holds steady at 2.9%

HONG Kong’s seasonally adjusted unemployment rate stood at 2.9 per cent in September-November, unchanged with the previous three-month period, the government said on Tuesday (Dec 19).

The government said the unemployment rates in various sectors generally stayed low, and the labour market should remain tight in the near term.

In the August-October period, the unemployment rate was also 2.9 per cent, slightly up from 2.8 per cent in the previous three-month period.

“Though the still unfavourable external environment might have some negative effects, the expected further recovery of inbound tourism and private consumption would continue to underpin labour demand,” Chris Sun, secretary for labour and welfare, said in a statement. REUTERS