4,100 People Are No More Unemployed In Hong Kong

20 Nov 2013

According to the data from the Census and Statistics Department, in three-months to October, the unemployment rate in Hong Kong remained unchanged.

For August-October, 3.3% was the seasonally adjusted unemployment rate which is unchanged from July-September. The outcome was according to the industry expectations.

The number of unemployed people reduced by up to 4,100 on an unadjusted basis which is a much better figure than the August-October figure of 130,100.

All in all, the total employment reduced by around 2,300 to 3.7 million. However, it has still registered a year-on-year growth of 2.6%.

Matthew Cheung Kin-chung, Secretary for Labor and Welfare said that in the run-up to the festive season, the Labor demand can be expected to stay strong thereby boding well for labor market conditions in the coming term.

This is good news for people who wish to work in Hong Kong and apply for a Hong Kong Quality Migrant Admission Scheme (QMAS). The QMAS is the most profitable way of migrating to Hong Kong as it allows one to take any dependents with them and also provides a path-way to Hong Kong Permanent Residency.

With the unemployment rate as low as 3.3%, it is the best time to apply for working in Hong Kong.