Hong Kong's unemployment rate declined to 3.7 per cent in the first quarter, marking the second successive reduction. This indicates a cooling job market alongside a dip in the underemployment rate.

Hong Kong’s unemployment rate fell by 0.1 percentage point to 3.7 per cent in the first quarter, marking a second consecutive decline across rolling three-month periods. The Census and Statistics Department said on Thursday the jobless rate stood at 3.7 per cent for January to March, down from 3.8 per cent in the preceding period from December to February. The underemployment rate also edged down by 0.1 percentage point, from 1.7 per cent to 1.6 per cent over the same periods. The accommodation....