Hong Kong’s unemployment rate falls to 3.8% in August-October period

Investing.com -- Hong Kong’s seasonally adjusted unemployment rate decreased to 3.8% in the August to October period, down from 3.9% in the previous three-month period, the government announced Tuesday.

The improvement was more pronounced in several sectors including retail, food services, superstructure and financing, according to the official statement.

Chris Sun, Secretary for Labour and Welfare, attributed the positive trend to multiple factors supporting the job market.

"The solid expansion of the Hong Kong economy, along with the steadfast improvement in business sentiment and the gradual recovery in consumption confidence, should provide support to the labour market," Sun said.

Despite the overall improvement, Sun cautioned that some sectors would continue to face challenges from economic restructuring.

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