Amid Falls in Profit, 5% of Hong Kong is Jobless.

Reports on the September 17, 1998 announcement of Hong Kong, China's government that unemployment increased to five percent of the labor force in August 1998 from 4.8 percent in July 1998. Decline in property prices and increase in joblessness; Decrease in the Hang Seng index; Comments from Jan Lee, chief economist at Hongkong and Shanghai Bank; Growth of Hong Kong's economy.