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Unemployment Rate

Name: Unemployment Rate
Creator: TipRanks

The unemployment rate in Hong Kong measures the percentage of the labor force that is jobless and actively seeking employment. It is a critical indicator of economic health, influencing consumer confidence and spending. A rising unemployment rate can signal economic distress, potentially leading to decreased investment and market volatility, while a declining rate often boosts investor confidence. In Hong Kong, where the economy is heavily reliant on trade and finance, shifts in the unemployment rate can significantly impact both local and international financial markets.