Jobless rate holds steady

THE latest Hong Kong unemployment figures indicate a stable jobs market, according to an economist.

The seasonally adjusted unemployment rate for April to June was 2.2 per cent, against 2.3 per cent in January to March.

The Census and Statistics Department estimates that the number of unemployed, adjusted for first-time job seekers, stood at 62,200 in the second quarter.

Wardley Investment Services economist Kevin Chan said the fall in the rate was seasonal.

He forecast a further drop to about 2.1 per cent between July and September.