19 Apr '11, 10am

Hong Kong jobless rate falls to pre-crisis levels

HONG KONG: Hong Kong's unemployment rate has fallen to 3.4 per cent, its lowest level since before the global financial crisis pounded the city's export-oriented economy, the government said Tuesday. The unemployment rate for the January-March period was down from 3.6 per cent in the December-February period, and is at its lowest since the economic meltdown towards the end of 2008, the Census and Statistics Department said. The rate peaked at 5.5 per cent in mid-2009. Tuesday's figure was also below the median 3.6 percent forecast of 10 economists surveyed by Dow Jones Newswires. The southern Chinese city's total employment increased to about 3.57 million people amid hiring in various sectors including courier and postal services. "In view of the still strong economic performance and positive hiring sentiment in the corporate sector, the unemployment rate is likely to rema...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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Hong Kong jobless rate falls to pre-crisis levels

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