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Hong Kong – Seasonally adjusted unemployment rate falls to 5.5%

21 July 2021

Hong Kong’s seasonally adjusted unemployment rate decreased to 5.5% in the three-month period ended June 2021, when compared to 6.2% in the June 2020 period, according to the latest labour force statistics published by the Census and Statistics Department.

The seasonally adjusted unemployment rate also decreased from 6.0% in the March to May 2021 period to 5.5% in April to June 2021 period.

The underemployment rate also decreased from 2.8% in March to May 2021 to 2.5% in April to June 2021.

The number of unemployed persons (not seasonally adjusted) decreased by around 20,200 from 233,300 in March - May 2021 to 213,100 in April - June 2021. Over the same period, the number of underemployed persons also decreased by around 11,400 to 96 000.

Comparing April - June 2021 with March - May 2021, the unemployment rate (not seasonally adjusted) decreased across almost all the major economic sectors, with more distinct decreases observed in the construction sector; import/export trade and wholesale sector; retail, accommodation and food services sector; and arts, entertainment and recreation sector.

At the same time, total employment increased by around 9,700 from 3.63 million in March - May 2021 to 3.64 million in April - June 2021. Over the same period, the labour force decreased by around 10,600 from 3.86 million to 3.85 million.

Secretary for Labour and Welfare, Law Chi-kwong said, "The labour market showed further improvement as the economy continued to recover alongside the stabilisation of local epidemic situation and the improved external environment.”

Looking ahead Law said, "The labour market should improve further with the continued economic recovery.”

“To create a solid foundation for a full-fledged revival of economic activities and hence a continued recovery of the labour market, it is essential for the community to actively participate in the Covid-19 Vaccination Programme. The government will continue to monitor the situation closely,” Law added.