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

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search