Hong Kong Unemployment - Hong Kong’s unemployment rate stood at 4.6% sa for April-June period (JP Morgan: 4.4% sa, consensus: 4.6% sa)

· Hong Kong Unemployment - Hong Kong’s unemployment rate stood at 4.6% sa for April-June period (JP Morgan: 4.4% sa, consensus: 4.6% sa), the same comparing to March-Mayperiod. The number of unemployed decreased by 600 persons seasonally adjusted in April-June period. Meanwhile, seasonally-adjusted average employed persons increased by 2,723for April-June period comparing to a decline of 13,678 through March-May period.Seasonally-adjusted average labor force increased by 3,400 in April-June period compared toa contraction of 7,900 during March-May period. The sequential trend in total employmentdeclined by 1.4%3m/3m saar in June, moderated from a -3.5%3m/3m saar contraction inMay.