Why! It has FEW Regulations. Yet It is Part of China! Hong Kong unemployment falls to 13-year low

'Obumer' could learn much from Hong Kong.

Hong Kong unemployment falls to 13-year low

Sep 20, 2011

Hong Kong said Tuesday its unemployment rate has fallen to its lowest in more than 13 years thanks largely to a strong local economy, but analysts warned the figure could rise again.

The unemployment rate for the June-August period fell to 3.2 percent, from 3.4 percent in the May-July, which marked Hong Kong's lowest jobless rate since February 1998, the Census and Statistics Department said.

The figure was below the average 3.5 percent unemployment rate forecast in a poll of seven economists by Dow Jones Newswires.

The total number of people in jobs in the June-August period rose by around 10,800, to 3,636,600 people -- a record high for the Chinese city of seven million people.

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