Hong Kong Jobless Data : Forex Trading Impact

Finally Census and Statistics department of Hon Kong released October to December job data. It showing that Hong Kong’s jobless rate rose slightly. In statistics, the jobless rate rose to 3.3 percent during the 3 months duration from October to December period from earlier quarter which reported 3.2 percent . This was in-line job statistics with well economic expectation.

However, the number of unemployed persons decreased to 124000 during the three month ended in December from 125400 in the previous September to November quarter.

The number of employed persons declined by around 12,800 persons to 3.817 billion during the October to December period.

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Among the different sectors , business of the consumption and tourism related sectors that includes retail , accommodation and food services, remained in the gloom. The unemployment of this sectors combined stayed at the three year high of 5.2 percent.

Meanwhile , the unemployment rate of the construction sectors , particularly of those involved in decoration, repair and maintenance for buildings, feel steeply when compared to the preceding period .

(Data Source – InstaForex)