Economics
Hong Kong Jobless Rate Jumps to Highest in Over 15 Years
- Jobless rate rises to 6.2% in April-June period, up from 5.9%
- City facing triple blow of unrest, trade tension, virus wave
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Hong Kong’s unemployment rate rose in June to the highest in more than 15 years, as the city’s economy remains under pressure from the coronavirus pandemic as well as escalating U.S.-China tensions.
The jobless rate rose to 6.2% for the April to June period, below the median forecast of 6.4% among economists surveyed by Bloomberg. The latest reading is the highest since January 2005. The increase marks nine straight months of worsening unemployment, according to data compiled by Bloomberg.