Hong Kong unemployment rate remains at 3%

It inched up by 0.1 percentage points to 1.2%.

Hong Kong's seasonally adjusted unemployment rate remained unchanged at 3% from March to May, aligning with the previous February-to-April period, the Census & Statistics Department announced on 20 June.

The underemployment rate inched up by 0.1 percentage points to 1.2%.

During this period, total employment in the country saw a modest increase of approximately 2,800 individuals, bringing the total to 3,696,900. The labor force also increased by about 5,300 individuals, reaching a total of 3,813,100.

Meanwhile, the number of unemployed individuals saw a slight rise of around 2,500 to 116,200 people, whilst underemployed individuals increased by approximately 4,200 to 44,700 people.

Secretary for Labour & Welfare Chris Sun noted that despite these shifts, unemployment rates across sectors remained generally low. He anticipated that the labor market would remain tight in the coming months, supported by ongoing economic growth.