Home / Knowledge / News / Unemployment rate falls for last three months
Unemployment rate falls for last three months
18
Mar '08
According to the latest labour force statistics released March 18 by the Census and Statistics Department, the seasonally adjusted unemployment rate decreased from 3.4% in November 2007 - January 2008 to 3.3% (provisional figure) in December 2007 - February 2008, the lowest level since January - March 1998. Over the same period, the underemployment rate edged down from 2.1% to 1.9% (provisional figure).

Comparing December 2007 - February 2008 with November 2007 - January 2008, decreases in the unemployment rate (not seasonally adjusted) were mainly observed in the insurance, welfare and community services, amusement and recreational services, and restaurants sectors. As to the underemployment rate, decreases were mainly seen in the construction, amusement and recreational services, and hotels sectors.

Total employment decreased by around 10 200, from 3 550 500 in November 2007 - January 2008 to 3 540 300 (provisional figure) in December 2007 - February 2008. Over the same period, the labour force decreased by around 11 600, from 3 663 900 to 3 652 300 (provisional figure).

The number of unemployed persons (not seasonally adjusted) decreased by around 1 400, from 113 400 in November 2007 - January 2008 to 112 000 (provisional figure) in December 2007 - February 2008. Over the same period, the number of underemployed persons also decreased by around 6 700, from 75 500 to 68 800 (provisional figure).

Commentary:
Welcoming the continued decline in the unemployment rate, the Secretary for Labour and Welfare, Mr Matthew Cheung Kin-chung, noted that the latest seasonally adjusted unemployment rate of 3.3% and the underemployment rate of 1.9% were the lowest levels in ten years. The number of unemployed persons (not seasonally adjusted) fell further to 112 000.

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

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...

Suresh Patel
Sidwin Fabric

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

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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