Unemployment rate rises to 3 percent - RTHK
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Unemployment rate rises to 3 percent

2024-04-18 HKT 17:11
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  • Around 9,400 more people have become jobless, with 111,700 unemployed in the three-month period ending in March. File photo: Shutterstock
    Around 9,400 more people have become jobless, with 111,700 unemployed in the three-month period ending in March. File photo: Shutterstock
Hong Kong's unemployment rate rose to 3 percent in three-month period ending in March, according to official figures released on Thursday.

That's a 0.1 percentage point increase compared with the December-to-February period.

Another 9,400 people became jobless during the first quarter of 2024, with officials noting that there were 111,700 unemployed persons in the three-month period ending in March.

Meanwhile, the underemployment rate edged up slightly to 1.1 percent.

In a statement, Secretary for Labour and Welfare, Chris Sun, said the unemployment rate was generally low despite the uptick.

"The unemployment rates of most sectors increased in January - March 2024 compared with the preceding three-month period, but stayed low in general," he said.

"As the economy continues to grow, the labour market will likely remain tight in the near term."

Unemployment rate rises to 3 percent