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

The seasonally adjusted unemployment rate in Hong Kong decreased to 3.1 percent in the three months to June of 2017, from 3.2 percent in the previous period. It was the lowest jobless rate since February of 2014. The underemployment rate remained unchanged at 1.2 percent. 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 Actual Previous Consensus Forecast (i)
2017-05-19 08:30 AM Apr 3.2% 3.2% 3.3%
2017-06-20 08:30 AM May 3.2% 3.2% 3.2%
2017-07-18 08:30 AM Jun 3.1% 3.2% 3.3%
2017-08-17 08:30 AM Jul 3.1% 3.1%
2017-09-18 08:30 AM Aug 3%
2017-10-19 08:30 AM Sep 3%




Hong Kong Jobless Rate Lowest In Over 3 Years


The seasonally adjusted unemployment rate in Hong Kong decreased to 3.1 percent in the three months to June of 2017, from 3.2 percent in the previous period. It was the lowest jobless rate since February of 2014. The underemployment rate remained unchanged at 1.2 percent.

Compared to the three months to May, the number of unemployed persons (not seasonally adjusted) declined by around 1,100 to 125,200 and the number of underemployed also fell by 2,100 to 45,500.

By sectors, a decrease in unemployment was mainly seen in the decoration, repair and maintenance for buildings sector and the arts, entertainment and recreation sector.

Total employment increased by around 4,200 to 3.8221 million and the labour force went up to 3.9472 million from 3.9442 million in March - May 2017.

On the short-term outlook, the Secretary for Labour and Welfare said "In the near term, the overall labour market conditions are expected to remain favourable on the back of sturdy labour demand. Yet, we will stay vigilant and closely monitor how the various external uncertainties evolve and affect the local economy down the road."

Statistics of Hong Kong | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/18/2017 9:28:38 AM



Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 3.20 8.50 1.00 percent [+]
Employed Persons 3822.10 3817.90 3831.10 2370.60 Thousand [+]
Unemployed Persons 125.20 126.30 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 61.10 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 70463.00 67141.00 127765.00 15919.00 [+]
Wages 15451.00 15447.00 15451.00 10382.00 HKD/Month [+]
Wages in Manufacturing 207.20 206.80 207.20 141.80 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.20 8.50 1.00 1981 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.30 May/17
Italy 11.30 May/17
Turkey 10.50 Apr/17
France 9.60 Mar/17
Euro Area 9.30 May/17
Canada 6.50 Jun/17
Australia 5.60 Jun/17
Indonesia 5.33 Mar/17
Russia 5.10 Jun/17
India 4.90 Dec/13
Netherlands 4.90 Jun/17
United Kingdom 4.50 May/17
United States 4.40 Jun/17
China 3.97 Mar/17
Germany 3.90 May/17
South Korea 3.80 Jun/17
Mexico 3.30 Jun/17
Japan 3.10 May/17
Switzerland 3.00 Jun/17