Hong Kong’s unemployment rate has fallen to the lowest level since the start of the coronavirus pandemic last year, easing markedly to 5 per cent in the three-month period to the end of July.
The rate is the lowest since the beginning of the pandemic last year, when it reached 4.2 per cent in the January to March period.
According to the latest figures, about 198,400 people remained out of work, roughly 14,700 fewer than in the preceding quarter, while the number of underemployed fell by 3.85 per cent, to 92,300 residents.
Joblessness declined across almost all major business areas. The rate fell by 1.4 percentage points to 8.6 per cent in the food and beverage sector, by 0.7 percentage points to 6.8 per cent in retail and by 0.8 percentage points to 8.1 per cent in construction.
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