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Hong Kong – Labour market remains stable

21 May 2013

In Hong Kong, the seasonally adjusted unemployment rate stood at 3.5% in April, flat when compared to March. This is according to the latest labour force statistics by the Census and Statistics Department.

Total employment decreased by around 1,900 from March to 3,718 300 in April 2013.

Secretary for Labour and Welfare, Matthew Cheung Kin-chung, said “the labour market held largely stable lately. Total employment shrank slightly after six straight months of increase. The seasonally adjusted unemployment rate remained unchanged at a relatively low level of 3.5%.”

On the short-term outlook, Mr Cheung said that a new batch of fresh graduates and school leavers will enter the labour market in the coming few months. “Coupled with a still rather cautious hiring sentiment, there may be some pressure on the unemployment rate,” he said.

“Yet, the resilience of domestic demand should provide some cushion to the overall employment situation. We will stay alert and monitor developments in the local labour market closely. The Labour Department will keep up its efforts in providing comprehensive employment service to job-seekers and enhance its employment service in relatively remote districts.”

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