Jobless rate steady at 3%

October 18, 2024

The seasonally adjusted unemployment rate stood at 3% for the period between July and September, unchanged from the June-to-August figure, the Census & Statistics Department announced today.

 

The underemployment rate also remained unchanged, at 1.2%.

 

Total employment increased by around 1,700 to 3,710,200, while the labour force remained about the same at 3,830,100.

 

The number of unemployed people decreased by around 2,400 to 119,900. Meanwhile, the number of underemployed people also dropped by around 1,500 to 46,000.

 

Apart from noting that the overall labour market should remain tight in the near term amid the sustained economic growth, Secretary for Labour & Welfare Chris Sun explained that the employment situation may vary across sectors depending on their business performances.

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