XN000022-1990-11-15 — Page 6

THURSDAY, NOVEMBER 15, 1990

AND

"BUILDING SURVEYORS WILL BE INVOLVED IN PROJECT MANAGEMENT BUILDING CONTROLS. VALUATION SURVEYORS ARE BUSY GIVING ADVICE ON DEVELOPMENT PROPOSALS AND LAND DISPOSAL PROGRAMMES, HE SAID.

++

SURVEYORS CERTAINLY HAD DONE MUCH ΤΟ BUILD UP THE PROPERTY SECTOR IN HONG KONG AS THEY HAD IN OTHER DENSELY POPULATED PARTS OF THE WORLD, SIR PIERS POINTED OUT.

HE NOTED THAT THE VALUE OF LAND HAD BEEN OF ENORMOUS HELP IN DRIVING HONG KONG'S ECONOMY AND SURVEYORS, TOGETHER WITH ARCHITECTS, LAWYERS, BANKERS, INVESTMENT MANAGERS HAD THRIVED IN HONG KONG'S ECONOMY DRIVEN AT VARIOUS TIMES BY PROPERTY INVESTMENT.

OF

"AND, OF COURSE, THEY HAVE BEEN ABLE TO OFFER THEIR SERVICES IN OTHER TOTALLY UNRELATED FIELD, THUS, CONTRIBUTING TO THE GROWTH HONG KONG AS A GREAT SERVICE CENTRE, SIR PIERS SAID.

SECTOR

HAS BEEN KONG AS

A

"HENCE, THE SEEDING PROVIDED BY THE PROPERTY OF ENORMOUS IMPORTANCE TO THE OVERALL DEVELOPMENT OF HONG COMMERCIAL AND FINANCIAL CENTRE,' HE ADDED.

17

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0

-

UNEMPLOYMENT AND UNDEREMPLOYMENT STATISTICS FOR JULY SEPTEMBER

-

*

REMAINED

UNDEREMPLOYMENT RATE

-

BOTH THE UNEMPLOYMENT RATE AND THE

STABLE AT A LOW LEVEL DURING THE PERIOD JULY

SEPTEMBER 1990, ACCORDING TO THE LATEST LABOUR FORCE STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

THE SEASONALLY ADJUSTED UNEMPLOYMENT RATE FOR JULY - SEPTEMBER 1990 WAS 1.7 PER CENT, COMPARED WITH 1.6 PER CENT FOR THE THREE MONTHS ENDING JUNE 1990 AND 1.4 PER CENT FOR THE CORRESPONDING PERIOD A YEAR EARLIER.

THE INCREASE OF 0.1 OF A PERCENTAGE POINT OVER THE PRECEDING THREE-MONTH PERIOD IS STATISTICALLY NOT SIGNIFICANT WHILE THE INCREASE

OF A PERCENTAGE POINT OVER THE CORRESPONDING

A OF 0.3

PERIOD

YEAR

EARLIER IS STATISTICALLY

SIGNIFICANT.

WITH

THE NUMBER OF UNEMPLOYED PERSONS IN JULY SEPTEMBER 1990 WAS

AT 47,100, COMPARED ESTIMATED

THE 43,900 IN

THREE MONTHS ENDING JUNE 1990 AND 37,500 IN THE CORRESPONDING PERIOD IN 1989.

PER THE UNDEREMPLOYMENT RATE FOR JULY SEPTEMBER 1990 WAS 1.0 CENT, COMPARED WITH 0.9 PER CENT FOR THE THREE MONTHS ENDING JUNE 1990 AND 0.6 PER CENT FOR THE CORRESPONDING PERIOD OF 1989.

1

INCREASE OF 0.1 OF A PERCENTAGE POINT OVER THE PRECEDING PERIOD IS STATISTICALLY NOT SIGNIFICANT WHILE THE INCREASE OF A PERCENTAGE POINT OVER THE CORRESPONDING PERIOD OF 1989 STATISTICALLY SIGNIFICANT.

J

15

/THE ESTIMATED

-