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Hong Kong Unemployment Rises to Highest Level Since 2004

  • Joblessness in consumption and tourism remains above 10%
  • Hong Kong to extend virus control measures after cases spike
Local businesses are struggling under strict social distancing measures and a lack of tourism.

Local businesses are struggling under strict social distancing measures and a lack of tourism.

Photographer: Chan Long Hei/Bloomberg
Updated on

Hong Kong’s unemployment rate rose in December to the highest level in 16 years as the city struggled under stiff social distancing measures to control new waves of Covid-19 cases.

The jobless rate jumped to 6.6% in the October-to-December period from 6.3% previously, returning to levels not seen since December 2004, according to a government report Tuesday. The reading was worse than the 6.4% median forecast in a Bloomberg survey of economists.