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Unemployment Hong Kong

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June 19, 1995 | Times Staff and Wire Reports
Jobless Rate Declines: The colony's seasonally adjusted unemployment rate from March to May was 2.9%, the government Statistics Department said. That represents a fall from the revised 3.1% jobless rate recorded from February to April, the highest rate recorded in more than five years. However, the underemployment rate rose from 1.5% from February to April, to 1.9% in the March to May period.
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BUSINESS
August 18, 1998 | From Bloomberg News
The number of Hong Kong workers without jobs probably doubled from January to July, as the city's economy tumbled into its worst recession in a generation, economists said. They warn the territory's July unemployment rate will rise to about 5%--from 4.5% in June--as falling retail sales, fewer tourists and a shrinking financial industry mean less work in the service industries that employ more than 80% of workers.
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BUSINESS
August 18, 1998 | From Bloomberg News
The number of Hong Kong workers without jobs probably doubled from January to July, as the city's economy tumbled into its worst recession in a generation, economists said. They warn the territory's July unemployment rate will rise to about 5%--from 4.5% in June--as falling retail sales, fewer tourists and a shrinking financial industry mean less work in the service industries that employ more than 80% of workers.
BUSINESS
November 20, 1995 | Times Staff and Wire Reports
3-Month Jobless Rate at 3.6%: The rate for the period ending October was the highest level so far this year and also since late 1984, when it hit 3.8%, the government said. Total employment has grown by 2.5% this year, but the labor supply expanded by 4%, the government said. Labor groups are calling for a sharp reduction in the number of foreign workers in the territory.
NEWS
March 28, 1998 | Reuters
A Chinese dissident has been sentenced to three years in a labor camp because of a letter he wrote to parliament about unemployment, a Hong Kong-based human rights group said Friday. Yang Qinheng, 44, was arrested Feb. 26 and began his sentence the next day, the Information Center of Human Rights and Democratic Movement in China said.
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