Unemployment rate

Hong Kong unemployment rate holds steady at 3.3pc in July

Secretary for Labour and Welfare Matthew Cheung Kin-chung. Photo: Nora Tam

Hong Kong’s unemployment rate was 3.3 per cent in July, same as it was in June, as the labour market was largely  abke ti absorb recent school graduates, the government said on Monday.

Monday, 19 August, 2013, 7:35pm

Boost in Australian jobs eases pressure for rate cut

Glenn Stevens, governor of the Reserve Bank of Australia. Photo: Bloomberg

Australia unexpectedly boosted payrolls last month and unemployment declined as the job market withstood a weaker domestic outlook, prompting traders to push back bets on an interest-rate cut.

14 Jun 2013 - 3:49am

Record unemployment clouds euro zone outlook

Euro zone unemployment ran at a record 12 per cent in February. Photo: Reuters

“Unacceptably” high euro zone unemployment ran at a record 12 per cent in February, official data showed on Tuesday, with more than 19 million people on the dole a “tragedy” for Europe.

3 Apr 2013 - 9:38am

Wise choice or just loopy?

Jack Lew has served as White House chief of staff for the past year, following jobs under Barack Obama and Bill Clinton. Photo: AP

A short doodle or squiggle or scribble has set Washington and Wall Street's chattering classes chattering excitedly. The Wall Street Journal and Forbes have run articles about it, and compared the series of linked loops to a scribble by a not very bright bored child, a practice session by the machine that decorates Hostess cupcakes and curly fries that took a curl too far.

23 Jan 2013 - 3:55am

Governments take wrong approach in raising income taxes

French president Francois Hollande delivers a speech. Photo: AFP

French President Francois Hollande's threatened income tax of 75 per cent for the wealthiest citizens has driven actor Gerard Depardieu to Russia, where the flat rate is just 13 per cent. The mainland's richest people have also been fleeing, foremost to the US, Canada and Australia, in part to avoid having to give up 45 per cent of earnings to the taxman.

10 Jan 2013 - 3:50am 1 comment

Unemployment rises amid signs of hiring slowdown

Job seekers attend an employment fair in West Kowloon. Photo: Ricky Chung

Hong Kong’s unemployment rate rose slightly last month to 3.3 per cent amid signs that firms are getting more cautious about hiring, the Census and Statistics Department said on Thursday.

That meant the seasonally adjusted unemployment rate for the three months ending in September went up by 0.1 percentage point, from 3.2 per cent in the June-August period, department figures showed.

18 Oct 2012 - 7:27pm

Talking points

New storm clouds are brewing over Greece. Photo: EPA

New storm clouds over Greece

8 May 2015 - 9:46am

US unemployment rate drops to near 4-year low of 7.8pc

US President Barack Obama. Photo: AFP

The US unemployment rate dropped to a near four-year low of 7.8 per cent in September, a potential boost to President Barack Obama's re-election bid.

6 Oct 2012 - 10:05am

Euro zone joblessness, at 11.4pc, risks ‘economic disaster’

Protesters last week march in front of the Greek Parliament against austerity measures. Photo: AP

The EU warned on Monday of an “economic and social disaster” if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.

29 Aug 2013 - 4:13am