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Investing.com -- Hong Kong’s seasonally adjusted unemployment rate remained unchanged at 3.7% in the June to August period compared to the previous three-month period, the government announced Tuesday.
The labor market showed mixed performance across sectors, with increases in unemployment observed in food and beverage service and manufacturing sectors, while the construction sector saw decreases.
"While the business situations of certain sectors will continue to weigh on employment, steady growth of the Hong Kong economy as well as the Government’s various measures to boost economic momentum and bolster consumption would provide support to the overall labour demand," said Chris Sun, the Secretary for Labour and Welfare.
The government’s statement indicates that despite challenges in specific industries, economic growth initiatives and consumption-boosting measures are expected to help maintain labor demand across the territory.
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