Hong Kong's seasonally adjusted unemployment rate stood at 3.4% in May - July 2016, same as that in April - June 2016. The underemployment rate also remained unchanged at 1.4% in the two periods, according to the Census and Statistics Department.
Comparing May - July with April - June, movements in the unemployment rate (not seasonally adjusted) in different industry sectors varied. An increase was mainly seen in the warehousing and support activities for transportation sector while a decrease was mainly seen in the construction sector. As to the underemployment rate, an increase was mainly observed in the construction sector while a decrease was mainly seen in the information and communications sector.
On the short-term outlook,Secretary for Labour and Welfare, Matthew Cheung Kin-chung, said "The near-term employment outlook is still clouded by the lingering external headwinds and their potential repercussions on local business sentiment. The easing trend in labour demand across a number of sectors remains a cause for concern. We will stay vigilant and monitor developments closely."
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