According to the results of the Employment Survey released by the Statistics and Census Service, the unemployment rate for January-March 2008 remained unchanged at 2.9%, same as the previous period (December 2007-February 2008), and down by 0.3 percentage point year-on-year. The underemployment rate was 1.5%, down by 0.1 percentage point over the preceding period, but up by 0.8 percentage point year-on-year. Total labour force was estimated at 327,000 and the labour force participation rate was 70.7%, up by 0.6 and 3.7 percentage points from the previous period and the corresponding period of 2007 respectively. The employed population increased by 3,600 over the previous period to 317,000, with increase in the number of persons working in Manufacturing; Recreational, cultural, gaming & other services; and Hotel industry, but that in Construction decreased. The unemployed population was estimated at 9,600, an increase of 200 from the preceding period. Among the unemployed, about 700 were searching for their first job, down by 2.4 percentage points over the previous period to take up 7.4% of the total unemployed. In addition, the unemployment rate of local residents (excluding non-resident workers) stood at 3.7% for January-March 2008 and the respective labour force participation rate was 64.7%.
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