A pedestrian wearing a protective mask walks past shuttered stores on Hollywood Road in Hong Kong, China, on Monday, March 16, 2020. Hong Kong's economy has been in recession for the past two quarters, leaving it fewer resources to battle the pandemic. The city's jobless rate surged to the highest level in almost a decade in February.
HONG KONG: Hong Kong’s unemployment rate rose to the highest in more than nine years in the first quarter as the coronavirus dealt a sharp shock to an economy already in recession.
The seasonally adjusted jobless rate in January-March rose to 4.2% from 3.7% in previous three-month period, government data showed on Monday.
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