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 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

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

Yes No

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

Yes No

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


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



X