Hong Kong Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Hong Kong is expected to be 61.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Hong Kong to stand at 61.13 in 12 months time. In the long-term, the Hong Kong Labor Force Participation Rate is projected to trend around 61.13 percent in 2020, according to our econometric models.


Hong Kong Labor Force Participation Rate
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Hong Kong Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.8 3 2.8 3.5 2.7 3.9
Employed Persons 3865 3867 3876 3878 3882 3894
Unemployed Persons 112 110 111 110 110 110
Labor Force Participation Rate 61.1 61.05 61.15 61.12 61.13 61.13
Productivity 160 160 162 163 163 167
Job Vacancies 76875 75595 76437 76509 77579 76916
Wages 15819 16200 16400 16400 16350 17300
Wages in Manufacturing 215 217 218 218 221 220
Minimum Wages 34.5 34.5 34.5 34.5 36.5 36.5
Population 7.41 7.5 7.43 7.5 7.44 7.7
Retirement Age Men 65 65 65 65 65 65
Retirement Age Women 65 65 65 65 65 65
Youth Unemployment Rate 5.2 5.01 4.94 5 4.98 4.98