Staff Reporter

Hong Kong’s unemployment rate remained unchanged at 3.1% for the period from November 2024 to January 2025, according to a government report released on Tuesday.

This figure is consistent with the previous three-month periods, including October-December, September-November, and August-October. However, it marks a slight increase from 3% during the July-September timeframe.

Chris Sun, Secretary for Labour and Welfare, stated, “The labour market should remain largely stable in the near term, though uncertainties in the global economy will continue to pose challenges for some businesses.”

Looking ahead, Mr. Sun emphasized that while the labour market is expected to stay stable in the short term, global economic uncertainties could impact certain sectors. This cautious outlook underscores the importance of remaining vigilant amid ongoing external economic pressures.