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

The seasonally adjusted unemployment rate in Hong Kong stood at 3.2 percent in the three months to April 2017, unchanged from the previous period. The underemployment rate also was steady at 1.2 percent. The number of unemployed persons increased by 2,200 to 127,200 while employed declined 5700 to 3,816,700. 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-16 08:30 AM Feb 3.3% 3.3% 3.3%
2017-04-21 08:30 AM Mar 3.2% 3.3% 3.3%
2017-05-19 08:30 AM Apr 3.2% 3.2% 3.3%
2017-06-20 08:30 AM May 3.2% 3.2%
2017-07-18 08:30 AM Jun 3.3%
2017-08-17 08:30 AM Jul 3.2%




Hong Kong Jobless Rate Steady At 3.2%


The seasonally adjusted unemployment rate in Hong Kong stood at 3.2 percent in the three months to April 2017, unchanged from the previous period. The underemployment rate also was steady at 1.2 percent.

Compared to the three months to March, the number of unemployed persons (not seasonally adjusted) increased by around 2 200 to 127 200 and the number of underemployed remained declined by 200 to 48 800.

Employment decreased by around 5 700 to 3 816 700  and while the labor force decreased by around 3 500 to 3 943 900.

While there were only 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 amid the relatively favourable overall economic conditions on entering 2017. Specifically, thanks to the continued improvement of inbound tourism, the unemployment rates for all individual sectors in the consumption- and tourism-related segment (viz. retail, accommodation and food services) went down in January - April 2017 over the preceding period as well as a year earlier.

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/19/2017 8:56:00 AM



Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.20 8.50 1.00 percent [+]
Employed Persons 3816.70 3822.40 3831.10 2370.60 Thousand [+]
Unemployed Persons 127.20 125.00 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 61.20 66.50 59.50 percent [+]
Labour Costs 141.70 134.60 154.60 12.30 Index Points [+]
Productivity 155.20 153.70 155.20 99.40 Index Points [+]
Job Vacancies 67141.00 69341.00 127765.00 15919.00 [+]
Wages 15451.00 15447.00 15451.00 10382.00 HKD/Month [+]
Wages in Manufacturing 206.80 206.60 206.80 141.80 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 5.40 5.40 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 Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 8.50 1.00 1981 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.70 Mar/17
Turkey 12.60 Feb/17
Italy 11.70 Mar/17
France 9.60 Mar/17
Euro Area 9.50 Mar/17
Canada 6.50 Apr/17
Australia 5.70 Apr/17
Indonesia 5.33 Mar/17
Russia 5.30 Apr/17
Netherlands 5.10 Apr/17
India 4.90 Dec/13
United Kingdom 4.60 Mar/17
United States 4.40 Apr/17
South Korea 4.00 Apr/17
China 3.97 Mar/17
Germany 3.90 Mar/17
Mexico 3.50 Apr/17
Switzerland 3.30 Apr/17
Japan 2.80 Mar/17