Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:31, May 19, 2006
HK unemployment rate falls to 56-month low
font size    

Hong Kong's unemployment dropped to a 56-month low of 5.1 percent in the period from February to April, the city's Census and Statistics Department said on Thursday.

The seasonally adjusted unemployment rate declined from 5.2 percent in the period of January to March to 5.1 percent from February to April, according to the latest labor-force statistics from the department.

Falls in the jobless rate were seen mainly in the sectors of decoration and maintenance, insurance, and retail trade.

However, the same period witnessed the underemployment rate of the Hong Kong Special Administrative Region rising from 2.3 percent to 2.4 percent, according to the statistics.

The increases in the underemployment rate were concentrated in manufacturing, hotels and education services.

Looking forward, the authorities expected a stable job market, but noted that the near-term outlook depends on the overall economic growth.

The pace of job creation in the private sector is also key to cutting down unemployment rate, especially during the summer months, for absorbing fresh graduates and school leavers, said a statement by the department.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- HK plans to build 37 new hotels for tourist influx

- HKSAR government to encourage unemployed to find jobs

- Labor force at record high of 3.4 million in HK

Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved