18 Jan '11, 12pm

Hong Kong jobless rate lowest in two years

HONG KONG: Hong Kong said Tuesday its unemployment rate fell to four percent between October and December last year, its lowest level in over two years as the financial hub's economy continued to surge ahead. The latest unemployment rate was down from 4.1 percent in the previous three-month period in 2010, the Census and Statistics Department said. Total employment increased for the seventh consecutive month to an all-time high of 3.56 million during the latest period, while the jobless rate fell to a level last seen in October 2008, said Matthew Cheung, Hong Kong's labour secretary. New hiring in various sectors, including construction and education, helped boost the city's employment by 21,900 to 3,563,700, the agency said. The boost was also helped by a seasonal hiring increase due to the Lunar New Year holiday next month. "The year 2010 saw widespread and notable impro...

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

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