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H.K. jobless rate remains unchanged at 5.7% in April-June period.



HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , July 18 Kyodo

Hong Kong's jobless rate remained unchanged at 5.7 percent in the April-June period, compared with the March-May period, according to the latest government statistics released Monday.

The underemployment un·der·em·ployed  
adj.
1. Employed only part-time when one needs and desires full-time employment.

2. Inadequately employed, especially employed at a low-paying job that requires less skill or training than one possesses.
 rate dropped to 2.8 percent from 3 percent in the two periods, the Census and Statistics Department said in a statement. Hong Kong considers a person underemployed un·der·em·ployed  
adj.
1. Employed only part-time when one needs and desires full-time employment.

2. Inadequately employed, especially employed at a low-paying job that requires less skill or training than one possesses.
 if he or she works less than 35 hours a week.

Gains in jobs were mainly seen in the manufacturing, wholesale trade and real estate sectors, the statement said.

The government said an influx of fresh graduates is expected to keep the rate at the current level in the coming months.

The unemployment rate, which has remained at 5.7 percent in the two consecutive periods, improved from 5.9 percent in the February-April period.
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Publication:Asian Economic News
Date:Jul 18, 2005
Words:137
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