June 21, 2023
According to the latest labour force statistics (i.e. provisional figures for March – May 2023) released by the Census and Statistics Department (C&SD), the seasonally adjusted unemployment rate stood at 3.0% in March – May 2023, same as that in February – April 2023. The underemployment rate also remained unchanged at 1.2% in the two periods.
Comparing March – May 2023 with February – April 2023, movements in the unemployment rate (not seasonally adjusted) and underemployment rate in different industry sectors varied, but the magnitudes were generally not large.
Total employment increased by around 17 900 from 3 655 900 in February – April 2023 to 3 673 800 in March – May 2023. Over the same period, the labour force also increased by around 16 700 from 3 770 300 to 3 787 000.
The number of unemployed persons (not seasonally adjusted) decreased by around 1 300 from 114 400 in February – April 2023 to 113 100 in March – May 2023. The number of underemployed persons in March – May 2023 was 44 400, about the same as that in February – April 2023 (44 500).
Source: Census and Statistics Department (C&SD) Hong Kong
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