Hong Kong Jobless Rate Steady At 3.1%

(RTTNews) - Hong Kong's unemployment rate held steady in the November to January period, labor force statistics from the Census and Statistics Department showed on Tuesday.

The seasonally adjusted unemployment rate came in at 3.1 percent for November to January, the same as in the October-December period.

The data showed that the underemployment rate remained stable at 1.1 percent.

Without adjustment, the unemployment rate dropped to 2.9 percent from 3.0 percent. The number of unemployed persons was 110,100, compared to 113,600 in the October-December period.

"The labor market should remain largely stable in the near term, though uncertainties in the global economy would continue to pose challenges to some businesses," Chris Sun, the secretary for labor and welfare, said.