HONG KONG – Hong Kong's unemployment rate for the April-June period fell to 3.1%, a more than three-year low, as the labor market tightened further amid an improvement in tourism and consumer sentiment, the Census and Statistics Department said Tuesday.
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The seasonally adjusted jobless rate edged down from 3.2% in the March-May period, and was below the median 3.2% forecast of four economists surveyed by Dow Jones Newswires. The city's unemployment rate last hit 3.1% in the three-month period ended February 2014.
Secretary for Labor and Welfare Law Chi-kwong said overall conditions in the market are expected to remain favorable in the wake of sturdy labor demand, though external uncertainties may affect the economy.
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(END) Dow Jones Newswires
July 18, 2017 05:24 ET (09:24 GMT)