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HK Latest Jobless Rate Inches Up 0.1 ppt to 3.9%, Narrowly Above Consensus
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According to the latest labour force statistics released today by the Census and Statistics Department (C&SD), the seasonally adjusted unemployment rate increased from 3.8% in October - December 2025 to 3.9% in November 2025 - January 2026, above the 3.8% in street consensus. The underemployment rate remained unchanged at 1.7% in the two periods. Commenting on the latest unemployment figures, the Secretary for Labour and Welfare, Chris Sun, said that the seasonally adjusted unemployment rate edged up by 0.1 ppt over the preceding three-month period to 3.9% in November 2025 - January 2026. Meanwhile, the underemployment rate remained unchanged at 1.7%. The labour force was broadly on a par with the level in the preceding three-month period. Over the same period, total employment saw a marginal decrease. Looking ahead, Sun said that the sustained growth momentum of the Hong Kong economy should help buttress the overall labour market. Nonetheless, the employment situations in some sectors may continue to be under pressure amid their challenging operating environments. AAStocks Financial News |
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