Hong Kong jobless rate dips for second successive quarter
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Hong Kong's unemployment rate decreased by 0.1 percentage point to 3.7% in the first quarter, marking a second consecutive decline. The underemployment rate also fell to 1.6%. Despite a slight decrease in total employment and the labor force, Secretary for Labour and Welfare Chris Sun Yuk-han noted that the sustained economic growth should support the labor market. The number of unemployed rose by 1,900 to 136,000, while underemployment decreased by 3,300 to 60,100. The government will monitor geopolitical tensions and their potential impact on the labor market.
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