HONG KONG: Hong Kong’s unemployment rate is likely to continue rising after hitting a nine-year high in February as the city reels from the effects of the coronavirus outbreak, according to Financial Secretary Paul Chan.
The city’s jobless rate rose to 3.7% for the December-to-February period, the government said on Tuesday, marking the fifth straight month of higher unemployment and the most since 2011, with the equivalent figure for the consumption and tourism sectors climbing to the highest in a decade. Hong Kong’s economic data has weakened steadily since protests started in June, before the coronavirus outbreak began in January.
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