The seasonally adjusted unemployment rate dropped by 0.4 percentage points (pp), while the underemployment rate also decreased by 0.5pp to 3%.
Amid the moderating local epidemic situation in general and the gradual relaxation of social distancing measures, Hong Kong saw a slight decrease in both the unemployment rate and underemployment rate for the period between April and June 2022, according to the latest labour force statistics released by the Census and Statistics Department (C&SD) on 19 July 2022 (Tuesday).
|March - May 2022||April - June 2022||+／-|
|Unemployment rate (seasonally adjusted)||5.1%||4.7%||- 0.4pp|
|Underemployment rate||3.5%||3.0%||- 0.5pp|
|Total employment||3,553,800||3,571,600||+ 17,800|
|The number of unemployed persons (not seasonally adjusted)||191,400||178,600||- 12,800|
|The number of underemployed persons||130,400||111,600||- 18,800|
Almost all major economic sectors saw a decrease in both the unemployment rate and underemployment rate, with more distinct decreases observed in the construction sector, retail, accommodation and food services sector and arts, entertainment, and recreation sector.
On the other hand, the Labour Department (LD) recorded a monthly average of 90,621 vacancies from the private sector in April - June 2022, representing a year-on-year increase of 10%, and an increase of 19.8% over the average figure in March - May 2022.
Secretary for Labour and Welfare Chris Sun expects that the labour market is likely to improve further in the near term as domestic economic activities continue to revive, but the extent of improvement would depend on the local epidemic situation as well as the global and local financial conditions.
He added that the government would continue to provide support for the recovery of the local economy through the various measures rolled out.
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