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Unemployment rate rises to 7.4 per cent A drop in building projects means fewer HK construction jobs.
(From South China Morning Post)
Byline: Kelvin Chan
Hong Kong's unemployment rate last month rose to its highest level since September as a drop in building projects meant fewer jobs in the construction industry, the government said yesterday.
The seasonally-adjusted jobless rate climbed to 7.4 per cent in February from 7.2 per cent in both January and December, with job losses in the manufacturing and transport sectors as well, the administration said.
Stephen Ip Shu-kwan, the Secretary for Economic Development and Labour, said the rise in the rate should not come as a surprise because employers traditionally cut back after the Lunar New …
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