Hong Kong Unemployment Rate  1981-2017 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong stood at 3.1 percent in the three month to August of 2017, unchanged from the previous two periods. It remains the lowest jobless rate since February of 2014. The underemployment rate also remained unchanged at 1.1 percent, the lowest level in almost two decades. Unemployment Rate in Hong Kong averaged 3.70 percent from 1981 until 2017, reaching an all time high of 8.50 percent in June of 2003 and a record low of 1 percent in July of 1989.

Hong Kong Unemployment Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Hong Kong Jobless Rate Steady For 3rd Month


The seasonally adjusted unemployment rate in Hong Kong stood at 3.1 percent in the three month to August of 2017, unchanged from the previous two periods. It remains the lowest jobless rate since February of 2014. The underemployment rate also remained unchanged at 1.1 percent, the lowest level in almost two decades.

Compared to the three months to July, the number of unemployed persons (not seasonally adjusted) increased by around 1,800 to 130,000 and the number of underemployed also grew by 900 to 45,200.

Despite small movements in the unemployment rates of most of the major economic sectors when compared to the preceding three-month period, the unemployment rates of many sectors were generally lower than their year-ago levels. In particular, the tourism-related segment (retail, accomodation and food services), which stood at 4.6 percent, the lowest since the end 2015.

Total employment rose by around 7,700 to 3.8412 million and the labour force also went up to 3.9712 million from 3.9617 million in May-July 2017.

Looking ahead, the Secretary for Labour and Welfare said "While overall labour market conditions are expected to remain tight in the near term, we will stay vigilant to the potential impact of various external uncertainties".

Census and Statistics Department | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/18/2017 9:06:22 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-18 08:30 AM Unemployment Rate 3.1% 3.2% 3.3%
2017-08-17 08:30 AM Unemployment Rate 3.1% 3.1% 3.1%
2017-09-18 08:30 AM Unemployment Rate 3.1% 3.1% 3.1%
2017-10-19 08:30 AM Unemployment Rate 3.1% 3.1%
2017-11-16 08:30 AM Unemployment Rate 3.1%
2017-12-18 08:30 AM Unemployment Rate 3.4%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 3.10 8.50 1.00 percent [+]
Employed Persons 3841.20 3833.50 3841.20 2370.60 Thousand [+]
Unemployed Persons 130.00 128.20 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.40 61.30 66.50 59.50 percent [+]
Labour Costs 141.70 134.60 154.60 12.30 Index Points [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 69592.00 70463.00 127765.00 15919.00 [+]
Wages 15702.00 15379.00 15702.00 10382.00 HKD/Month [+]
Wages in Manufacturing 211.50 207.20 211.50 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.37 7.30 7.37 3.08 Million [+]
Youth Unemployment Rate 6.50 6.10 10.40 1.90 percent [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]


Hong Kong Unemployment Rate

In Hong Kong, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Hong Kong Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.10 8.50 1.00 1981 - 2017 percent Monthly
SA




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.60 Aug/17
Italy 11.20 Aug/17
Turkey 10.70 Jul/17
France 9.50 Jun/17
Euro Area 9.10 Aug/17
Canada 6.20 Sep/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.70 Aug/17
United Kingdom 4.30 Aug/17
United States 4.20 Sep/17
China 3.95 Jun/17
South Korea 3.70 Sep/17
Germany 3.60 Aug/17
Mexico 3.50 Aug/17
Switzerland 3.00 Sep/17
Japan 2.80 Aug/17