Hong Kong's unemployment rate hits record low

Hong Kong's unemployment rate hits record low

The statewide jobless rate also saw a slight increase in October to 2.7 percent.

Hong Kong's unemployment rate has decreased by 0.1 percentage point to 3 percent - its lowest level since 1998. The October unemployment rate was four-tenths of a percentage point lower than the national rate of 4.1% reported by the Bureau of Labor Statistics.

The state's total unemployment rate dropped to 3.7% in October, the Executive Office of Labor and Workforce Development announced.

The last time Hawaii County's rate was 2.3 percent was in December 2006, before the start of the Great Recession.

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State and local unemployment rates are at their lowest levels in almost two decades. The Omaha metro area's rate of 2.4 percent also was the lowest in almost 20 years.

A separate survey of employers showed seasonally adjusted nonfarm payrolls dropped by 4,300 in October, a month after hitting a record high close to 6 million.

The jobless rate fell to 4.8% last month from 5.1% in September. The bulk of the increase in leisure and hospitality was attributed to employment increases in food services and drinking places. Government employment declined by 500 jobs, the DLIR said.

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