Some good news amid the gloom: Hong Kong's jobless rate over the three months to August dropped to just 3.2 per cent.Wednesday, 21 September, 2011, 12:00am
The government recently announced the unemployment rate had dropped from 3.9 per cent in October to 3.6 per cent in November, and victoriously claimed it was the lowest level since April 1998.
However, after further analysing the figure, I found that despite an increase in total employment, the labour force had shrank.30 Dec 2007 - 12:00am
A record number of people are working, job vacancies have soared and job-hopping has returned. As the unemployment rate drops below the psychologically significant barrier of 5 per cent, there is a growing sense of optimism about the economy. The hard times experienced during the economic downturn have, for many, become a distant memory.21 Jun 2006 - 12:00am
Official jobless rate to hit 4.7pc this year, with 9 million new positions needed, says minister
The mainland faces a 'grim situation' in its battle against growing unemployment, according to the labour and social security minister.10 Mar 2004 - 12:00am
THIS COLUMN IS not usually one to feature the gloomy side of the job and jobless figures, but a few words of caution are needed on the latest announcement that the unemployment rate last month fell to 8.6 from 8.7 per cent.22 Sep 2003 - 12:00am
When Hong Kong's unemployment rate for May is released today, it is likely to be at least 8 per cent. This level of unemployment is not unusual in some parts of the world, even in the best of times. But in Hong Kong, which has known decades of expansion and prosperity, it is a record high.17 Jun 2003 - 12:00am
The steady rise in the unemployment rate in Hong Kong is no surprise given the general state of the global economy. In the normal course of events, one would expect economic activity and job creation in the SAR to pick up in due course once the world's major economies recover.18 Dec 2001 - 12:00am
You would think it was simple. If A is 6 and B is 4, the difference, C, equals 2. In the following month if A is 8 and B is 5, C becomes 3. Both A and B have gone up but A has risen more than B and the difference is therefore greater.
I went on a hunt yesterday to see if anyone commenting on the slight rise in the unemployment rate last month had done this simple arithmetic.21 Mar 2001 - 12:00am
We are year one students studying in the City University of Hong Kong.
We cannot fail to notice that severe social problems are being caused by the severe economic depression.
One of the most serious problems is unemployment and we believe the Government has been negligent.
It has failed to deal in a positive way with unemployment.1 Mar 1998 - 12:00am
A top economic planner yesterday called on the rising number of urban unemployed to stop relying on the state and find work.
Urban unemployment, for years a taboo in China, has become a central theme of the economic agenda as the Government allows more state companies to go under.3 Mar 1997 - 12:00am