
Hong Kong’s jobless rate edges up to 3.9% over past 3 months

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Hong Kong's jobless rate increased by 0.1 percentage point to 3.9% over the past three months, with rising unemployment in the insurance, construction, and finance sectors. Despite this, labor authorities remain optimistic about the job market due to economic growth. The underemployment rate remained at 1.7%. Secretary for Labour and Welfare Chris Sun noted that while some sectors face challenges, the overall labor market is expected to benefit from sustained economic momentum. Approximately 138,400 people were unemployed in the November-January period, with notable increases in specific sectors.
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