News
HR & EDUCATION | Staff Reporter, Hong Kong
view(s)

Unemployment dips to 2.8% in February-April

Higher employment in the education sector kept the job market tight.

Unemployment levels in Hong Kong dipped marginally from 2.9% in January-March to 2.8% in February to April brought about by higher employment in the education sector.

The level represents the lowest in more than 20 years, according to secretary for labour and welfare Dr Law Chi-kwong. The unemployment level translates to a total number of 112,900 unemployed persons.

Also read: HR jobs abound as Chinese companies set up shop

Jobless rates also fell in the finance and tourism sectors amidst a continued recovery in inbound tourism.

Also read: Tech talent scheme to launch in June

The underemployment rate remained unchanged at 1% which translates to 41,100 Hong Kongers.

"The labour market tightened further in February - April 2018 on the back of robust economic conditions,” Law said. “Overall labour market conditions will likely remain tight in the near term amidst the prevailing positive economic environment.”

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.