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Hong Kong's March-May unemployment improves to 6per cent on economic recovery

Hong Kong's March-May unemployment improves to 6per cent on economic recovery

FILE PHOTO: Job seekers wearing face masks fill in forms at the Wan Chai Job Fair, following the coronavirus disease (COVID-19) outbreak, in Hong Kong, China October 29, 2020. REUTERS/Tyrone Siu

HONG KONG: Hong Kong's seasonally adjusted unemployment was 6per cent in the March-May period, the government said on Thursday, with the labour market improving as economy continued to recover and the coronavirus outbreak receded.

The figure compared with 6.4per cent in February-April quarter and 6.8per cent in the January-March period.

The underemployment rate slid to 2.8per cent from 3.3per cent in the previous three-months.

"As the economy continues to recover, the pressure on the labour market should gradually ease," the government said in a statement, adding the unemployment rates in some sectors may take longer to return to the pre-pandemic levels amid an uneven pace of recovery.

(Reporting by Donny Kwok and Twinnie Siu; Editing by Alison Williams)

Source: Reuters

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