US EditionHong Kong's Unemployment Rate Rises to 3.7%, a Three-Year High | Food and Beverage
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From May to July this year, Hong Kong's unemployment rate rose to 3.7, a nearly three-year high. Unemployment in both the restaurant and construction sectors exceeded 6%. Experts point out that despite Hong Kong's economic growth in the first half of the year, it is unlikely to be sustained and can only be considered a temporary halt to the recession. Meanwhile, the property market continues to slump, with layoffs and bankruptcies continuing.
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