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Source: Hong Kong Information Services
The seasonally adjusted unemployment rate rose by 0.4 percentage points to 7%, the highest in close to 17 years, for the period between November and January compared to the period from October to December, the Census & Statistics Department announced today.
The underemployment rate also increased by 0.4 percentage points to 3.8% during the period.
Total employment decreased by 17,100 to 3,630,600 while the labour force fell by 9,400 to 3,884,000.
There were 253,300 unemployed people from November to January, an increase of 7,500 from the preceding three-month period. The number of underemployed people also increased by 14,400 to 148,200.
Secretary for Labour & Welfare Dr Law Chi-kwong pointed out that the labour market was under notable pressure during the period due to the fourth wave of the local epidemic.
Hong Kong: Govt relief helps ease poverty
The Government’s relief measures help to ease Hong Kong s poverty situation, Secretary for Labour & Welfare Dr Law Chi-kwong said today.
Dr Law made the remarks in response to reporters questions on the figures in the Hong Kong Poverty Situation Report 2019 released yesterday.
According to the report, the city’s poor population exceeded 1.4 million people in 2019 prior to the Government’s intervention. The report also elaborated on the measures taken to address the problem.
Dr Law said: “It tells us that if the Government does nothing at all, then how many people will be living in poverty. It also tells us the impact of the downturn of the economy, its impact on different sectors of the community.”
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