Home / Knowledge / News / Unemployment rate rise slightly for Jan-March
Unemployment rate rise slightly for Jan-March
17
Apr '08
According to the latest labour force statistics released April 17 by the Census and Statistics Department, the seasonally adjusted unemployment rate increased from 3.3% in December 2007 - February 2008 to 3.4% (provisional figure) in January - March 2008. The underemployment rate held stable at 1.9% in both periods (provisional figure for January - March 2008).

Comparing January - March 2008 with December 2007 - February 2008, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the decoration and maintenance, communications and restaurants sectors. As to the underemployment rate, decreases were mainly seen in the wholesale and retail trades, offsetting the increases in the construction and communications sectors.

Total employment decreased by around 6 400, from 3 540 400 in December 2007 - February 2008 to 3 534 000 (provisional figure) in January - March 2008. Over the same period, the labour force increased by around 600, from 3 652 400 to 3 653 000 (provisional figure).

The number of unemployed persons (not seasonally adjusted) increased by around 6 900, from 112 000 in December 2007 - February 2008 to 118 900 (provisional figure) in January - March 2008. Over the same period, the number of underemployed persons also increased by around 1 600, from 68 800 to 70 400 (provisional figure).

Commentary:
Total employment decreased by around 6 000 in January - March 2008, possibly owing to slackened business activity after the Lunar New Year holidays. Coupled with the slight expansion in labour force, the number of unemployed persons (not seasonally adjusted) rose by almost 7 000, after falling for six consecutive periods. Meanwhile, the seasonally adjustment unemployment rate edged up to 3.4% in January - March 2008.

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search