HK jobless rate flat at 3.4% from August to October

    Hong Kong's seasonally adjusted unemployment rate stood at 3.4% in August - October, same as that in July - September. The underemployment rate also remained unchanged at 1.4% in the two periods, according to the Census and Statistics Department.
  Comparing August - October with July - September, movements in the unemployment rate (not seasonally adjusted) in different industry sectors varied. An increase was mainly seen in the repair, laundry, domestic and other personal service activities sector while a decrease was mainly seen in the construction sector. As to the underemployment rate, an increase was mainly observed in the foundation and superstructure works of the construction sector while a decrease was mainly seen in the repair, laundry, domestic and other personal service activities sector.
  On the short-term outlook, the Secretary for Labour and Welfare, Matthew Cheung Kin-chung said, "While the labour market is expected to remain largely stable in the near term, the considerable external uncertainties and their potential impact on the local economy remain causes for concern. We will stay vigilant and monitor developments closely."