Jobless rate drops to 4.7 percent
Hong Kong's unemployment rate has fallen for a second straight month, to 4.7 percent, new government data released on Tuesday showed.  The latest jobless rate, covering the three months from April, was 0.4 percentage points lower than the March to May period figure that was published last month.  The labour situation in the food and beverage services sector improved, with the unemployment rate down 2.4 percentage points to 8.6 percent.  Notable declines in unemployment were also recorded in the construction sector; and the arts, entertainment and recreation sector. The underemployment rate also decreased further, from 3.5 percent to three percent.  Labour Secretary Chris Sun said he expects the jobs market to further improve as domestic economic activities continue to pick up.  "The extent of improvement would depend on the local epidemic situation as well as the global and local financial conditions," he said.