HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate rose to 5% in the January-March quarter, the government said on Thursday, its highest since the May-July quarter in 2021 due to severe pressure on the labour market from the latest pandemic wave.
In the December-February period, the unemployment rate stood at 4.5%.
The government said the labour market will still be subject to pressure in the near term but an easing local epidemic situation and the launch of a new round of consumption vouchers should give support to consumption-related sectors.
(Reporting by Donny Kwok and Twinnie Siu; Editing by Raissa Kasolowsky)
