HONG KONG
Jobless Rate Declines: The colony’s seasonally adjusted unemployment rate from March to May was 2.9%, the government Statistics Department said. That represents a fall from the revised 3.1% jobless rate recorded from February to April, the highest rate recorded in more than five years. However, the underemployment rate rose from 1.5% from February to April, to 1.9% in the March to May period. Though enviable by the standards of most countries, the jobless rate of 3% originally reported last month prompted an emergency meeting by leaders in Hong Kong.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.