Hong Kong saw jobless rate fell from 5.9 percent to 5.7 percent in the period from March to May, said a report from the Hong Kong government Thursday.

According to the latest labor force statistics released, the overall labor market sentiment remains generally buoyant, with total employment rising to a record high of around 3.36 million in March-May, while the seasonally adjusted jobless rate went down to 5.7 percent, a 43-month low.

Falls in the jobless rate were mainly observed in the construction, manufacturing and business services sectors.

In the ensuing few months, the labor supply is expected to be boosted by the increased entry of 40,000 fresh graduates and school leavers into the labor market.

The outlook for unemployment will depend crucially on the sustained pick-up in economic activity and job creation in the corporate sector for absorbing these newcomers.

Source: Xinhua