Jobless rate

Published February 27, 2002

HONG KONG, Feb 26: More Hong Kong companies are expected to lay off staff this year, as the territory’s jobless rate jumped to a record 6.7 per cent in the January quarter, it was reported on Tuesday.

A survey by PricewaterhouseCoopers showed that 43 per cent of 160 firms questioned were planning to make redundancies this year.—AFP

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