Unemployment Rate Remains Steady

In a recent announcement, the Hong Kong government revealed that the seasonally adjusted unemployment rate for the September-November period has remained unchanged at 3.1% compared to the previous three-month period. This stability in the labor market is a positive indicator for the region's economy.

Impact of Global Economic Factors

While the overall unemployment rate remains steady, certain sectors might experience more pronounced effects due to escalating global economic uncertainties and trade tensions. Chris Sun, the Secretary for Labour and Welfare, highlighted these potential challenges in his statement, emphasizing the need for continued monitoring and adaptability.