Unemployment rate in Hong Kong during August-October rises to 2.9%

The government said the unemployment rates of the various sectors stayed low in general with inbound tourism and local consumption continuing to underpin economic growth in the near term. In the July-September period, the unemployment rate was at 2.8%, when it was unchanged with the previous three months period.

Hong Kong's seasonally adjusted unemployment rate edged up to 2.9% in the August-October period, the government said on Thursday. The government said the unemployment rates of the various sectors stayed low in general with inbound tourism and local consumption continuing to underpin economic growth in the near term.

In the July-September period, the unemployment rate was at 2.8%, when it was unchanged with the previous three months period. "The labour market should remain tight in the coming months despite some possible negative effects stemming from the difficult external environment," Chris Sun, secretary for labour and welfare, said in a statement.