Hong Kong Unemployment Rate Rises in July



Hong Kong’s seasonally adjusted jobless rate edged up for the second straight time by 0.1 percentage point to 3.3 percent in May to July 2014. Although total employment rose to an all-time high of 3 771 100, the increase in labour force was even more.

Comparing May - July 2014 with April - June 2014, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the food and beverage service activities, repair, laundry, domestic and other personal service activities, and retail sectors. As to the underemployment rate, a decrease was mainly observed in the decoration, repair and maintenance for buildings sector while notable increase was not seen in any particular sector.

The number of unemployed persons (not seasonally adjusted) increased by around 5 700 from 127 600 in April - June 2014 to 133 300 in May - July 2014. The number of underemployed persons in May - July 2014 was 57 900, about the same as 58 000 in April - June 2014.

The underemployment rate remained unchanged at 1.5 percent in the two periods.

Total employment increased by around 26 400 from 3 744 700 in April - June 2014 to 3 771 100 in May - July 2014. Over the same period, the labour force also increased by around 32 100 from 3 872 300 to 3 904 400.

Hong Kong Unemployment Rate Rises in July


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2014 10:38:45 AM