Hong Kong’s jobless rate edges up by 0.1 percentage point to 3.9% over past 3 months

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Hong Kong's jobless rate increased by 0.1 percentage point to 3.9% over the past three months, according to provisional figures released by the Census and Statistics Department. This marks a return to the level reported in July-September last year. The unemployment rate rose in the insurance, construction, and finance sectors, but labour authorities remain optimistic about the job market due to the growing economy. The underemployment rate remained unchanged at 1.7%. Secretary for Labour and Welfare Chris Sun Yuk-han described the jobless rate as "broadly on a par" with the preceding three-month period. The latest data follows an August-October period where the jobless rate held steady at 3.8%.
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