Aug 17, 2012
(Standard)
Hong Kong's seasonally adjusted jobless rate stayed at 3.2% for the May-July period, flat from the previous three- month. The underemployment rate rose slightly by 0.1 percentage point to 1.5%.
The government says the labour market remained in a state of full employment. There is still a generally positive hiring sentiment among employers as shown by the recent private-sector job vacancy figures.
An economist says while the latest jobless rate was flat, it may crawl up 0.1 to 0.2 percentage points in the coming months amid slower economic growth.
