Home / Knowledge / News / Labour market remains robust in Oct-Dec
Labour market remains robust in Oct-Dec
17
Jan '08
According to the latest labour force statistics released January 17 by the Census and Statistics Department, the seasonally adjusted unemployment rate decreased from 3.6% in September – November 2007 to 3.4% (provisional figure) in October – December 2007, the lowest level since January – March 1998. Over the same period, the underemployment rate edged down from 2.2% to 2.1% (provisional figure).

Comparing October – December 2007 with September – November 2007, decreases in the unemployment rate (not seasonally adjusted) were mainly observed in the communications, manufacturing, and decoration and maintenance sectors. As to the underemployment rate, decreases were mainly seen in the amusement and recreational services, decoration and maintenance, and retail trade sectors.

Total employment increased by around 25 700, from 3 507 600 in September – November 2007 to an all-time high of 3 533 300 (provisional figure) in October – December 2007. Over the same period, the labour force increased by around 15 900, from 3 635 200 to 3 651 100 (provisional figure).

The number of unemployed persons (not seasonally adjusted) decreased by around 9 900, from 127 700 in September – November 2007 to 117 800 (provisional figure) in October – December 2007. Over the same period, the number of underemployed persons also decreased by around 4 800, from 80 200 to 75 400 (provisional figure).

Commentary:
The labour market remained robust in October – December 2007, with total employment surging to another record high of over 3.53 million and posting a faster increase than the labour force. The number of unemployed persons (not seasonally adjusted) thus declined further to below 120 000. Concurrently, the underemployment situation also improved.


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X