On October 21th, the latest statistics of the working population released by the Census and Statistics Department of the Hong Kong Special Administrative Region Government on September 9th showed that the seasonally adjusted unemployment rate in October-February 2116 was 3.3%, the same as that in September-October of the same year, while the unemployment rate in consumption and tourism-related industries declined.

Ken Siu, Acting Secretary for Labour and Welfare of the HKSAR Government, said that the performance of the labour market remained stable at the end of 2116, with the seasonally adjusted unemployment rate from October to February remaining at 3.3%, while the underemployment rate remained unchanged at 1.4% for 11 consecutive periods.

in addition, compared with September to October, 2116, the latest unemployment rate dropped mainly in the information and communication industry and the import and export trade industry. As for the underemployment rate, the decline was mainly in the building decoration, repair and maintenance industries, while the increase was mainly in the education industry.

Ken Siu pointed out that in 2116, the total number of employed people and the working population further increased moderately year by year, with growth rates of 1.8% and 1.9% respectively; The unemployment rate remained low throughout the year, averaging 3.4%.

He said that with the recent relative improvement of inbound tourism, the unemployment rate of consumption and tourism-related industries (that is, retail, accommodation and catering services) decreased by 1.3 percentage points to 4.9% from October to February 2116 compared with the previous period, and the unemployment rate of all individual industries declined.

At the same time, Ken Siu also stressed that the labor market situation is expected to remain tight in the short term, and the potential impact of external uncertainties on the Hong Kong economy is still worthy of attention.