HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate rose to 6.2% in the April-to-June period, the highest in more than 15 years, as the coronavirus outbreak restricted activity in an economy already in recession.
The jobless rate rose from 5.9% in the March to May period, the government said on Monday.
The underemployment rate hit 3.7%, the highest in close to 17 years, from 3.5% in the previous three-month rolling period. Total employment was 3.6204 million, about the same as compared with 3.6195 million in the previous three-month rolling period.
“The still serious epidemic situations in certain parts of the world, and renewed surge in local cases lately serve as a timely reminder that the economic outlook is still subject to huge uncertainties,” Law Chi-Kwong, Secretary for Labour and Welfare, said in the statement.
Hong Kong’s April-June unemployment rises to 6.2%, highest in over 15 years
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.