Hong Kong Unemployment Rate  1981-2018 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong stood at 2.9 percent in the three months to January of 2018, unchanged from the previous period's 20-year low. The number of unemployed and underemployed continued to decline while employment increased further. Unemployment Rate in Hong Kong averaged 3.69 percent from 1981 until 2018, 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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Hong Kong Jobless Rate Unchanged at 20-Year Low


The seasonally adjusted unemployment rate in Hong Kong stood at 2.9 percent in the three months to January of 2018, unchanged from the previous period's 20-year low. The number of unemployed and underemployed continued to decline while employment increased further.

Comparing to the previous three-month period, the number of unemployed persons fell by 3,200 to 106,600 in November 2017 - January 2018, while the number of underemployed decreased by around 1,900 to 40,200. Analysed by sector, the changes in individual jobless rates were minimal when compared to the preceding three-month period. Nevertheless, unemployment situation improved notably across many major service sectors on a year-on-year comparison, led by tourism-related industries such as retail and accommodation services amid the further recovery in inbound tourism, as well as the financing, and professional and business services (excluding cleaning and similar activities) sectors on the back of strong economic conditions.

Meantime, total employment rose by 11,500 to 3.862 million in the three months to January, and the labour force by around 8,300 to 3.960 million.

Looking ahead, "In view of the sanguine economic situation on entering 2018, the labour market is expected to remain tight in the near term. Yet the employment outlook for the rest of the year will continue to hinge on how various external uncertainties evolve. We will stay vigilant and monitor the situation closely.", the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.


Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/22/2018 9:01:15 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-18 08:30 AM Unemployment Rate 3% 3% 3.0%
2018-01-18 08:30 AM Unemployment Rate 2.9% 3% 3%
2018-02-22 08:30 AM Unemployment Rate 2.9% 2.9% 2.9%
2018-03-19 08:30 AM Unemployment Rate 2.9% 2.9%
2018-04-19 08:30 AM Unemployment Rate 2.9%
2018-05-17 08:30 AM Unemployment Rate 2.9%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 2.90 8.50 1.00 percent [+]
Employed Persons 3850.60 3840.30 3850.60 2370.60 Thousand [+]
Unemployed Persons 109.80 117.80 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 61.10 66.50 59.50 percent [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 71149.00 69592.00 127765.00 15919.00 [+]
Wages 15913.00 15702.00 15913.00 10382.00 HKD/Month [+]
Wages in Manufacturing 214.30 211.50 214.30 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.37 7.30 7.37 3.08 Million [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Youth Unemployment Rate 5.30 5.90 10.40 1.90 percent [+]


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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.90 8.50 1.00 1981 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.55 Dec/17
Brazil 11.80 Dec/17
Italy 10.80 Dec/17
Turkey 10.30 Nov/17
France 8.90 Dec/17
Euro Area 8.70 Dec/17
Canada 5.90 Jan/18
Australia 5.50 Jan/18
Indonesia 5.50 Sep/17
Russia 5.20 Jan/18
United Kingdom 4.40 Dec/17
Netherlands 4.20 Jan/18
United States 4.10 Jan/18
China 3.90 Dec/17
Germany 3.60 Dec/17
South Korea 3.60 Jan/18
India 3.46 Dec/16
Switzerland 3.30 Jan/18
Mexico 3.10 Dec/17
Japan 2.80 Dec/17


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