Hong Kong Labour Costs - Forecast

Labour Costs in Hong Kong is expected to be 148.76 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Hong Kong to stand at 140.13 in 12 months time. In the long-term, the Hong Kong Labour Costs is projected to trend around 139.64 Index Points in 2020, according to our econometric models.


Hong Kong Labour Costs
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Hong Kong Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.9 3.4 3.4 3 3.5 3.9
Employed Persons 3862 3864 3858 3859 3858 3852
Unemployed Persons 107 107 107 107 107 108
Labor Force Participation Rate 61.2 61.29 61.26 61.3 61.32 61.59
Productivity 160 159 160 162 163 167
Job Vacancies 71149 69351 67324 67753 66165 61263
Wages 15913 16048 16082 16091 16097 15763
Wages in Manufacturing 214 217 217 218 218 215
Minimum Wages 34.5 34.5 34.5 34.5 34.5 40
Population 7.37 7.5 7.5 7.5 7.5 7.7
Retirement Age Men 65 64 64 64 64 63
Retirement Age Women 65 64 64 64 64 63
Youth Unemployment Rate 5 4.97 5.35 5.29 5.25 5.35