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

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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