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

The seasonally adjusted unemployment rate in Hong Kong was unchanged at a 20-year low of 2.8 percent in the three months to August 2018. Also, the underemployment rate was steady at 1.1 percent, the same as in the May-July period. Unemployment Rate in Hong Kong averaged 3.68 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 of 2.8%


The seasonally adjusted unemployment rate in Hong Kong was unchanged at a 20-year low of 2.8 percent in the three months to August 2018. Also, the underemployment rate was steady at 1.1 percent, the same as in the previous period.

On a non-seasonally adjusted basis, the number of unemployed increased by 2.7 thousand from the May-July period to 117.4 thousand in the three months to August and the number of underemployed went up by around 1.4 thousand to 45.5 thousand.

Meanwhile, the number of employed rose by 9.7 thousand from the previous three-month period to 3.9 million, mainly due to improvements in information & communication, accomodation services and retail sectors. In addition, the labour force participation rate edged up to 61.4 percent.

Looking ahead, "While labour market conditions will likely remain favourable in the near term, the Government will stay vigilant as to how developments in the external environment will affect the local labour market going forward." the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.


Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com
9/18/2018 9:28:38 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-19 08:30 AM Unemployment Rate 2.8% 2.8% 2.8%
2018-08-17 08:30 AM Unemployment Rate 2.8% 2.8% 2.8%
2018-09-18 08:30 AM Unemployment Rate 2.8% 2.8% 2.8%
2018-10-19 08:30 AM Unemployment Rate 2.8% 2.8%
2018-11-16 08:30 AM Unemployment Rate 2.8%
2018-12-18 08:30 AM Unemployment Rate 2.8%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.80 2.80 8.50 1.00 percent [+]
Employed Persons 3882.40 3872.70 3882.40 2370.60 Thousand [+]
Unemployed Persons 117.40 114.70 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.40 61.20 66.50 59.50 percent [+]
Productivity 166.00 160.10 166.00 99.40 Index Points [+]
Job Vacancies 79203.00 76875.00 127765.00 15919.00 [+]
Wages 16479.00 15897.00 16479.00 10382.00 HKD/Month [+]
Wages in Manufacturing 219.60 215.00 219.60 141.80 Index Points [+]
Minimum Wages 34.50 34.50 34.50 28.00 HKD/Hour [+]
Population 7.41 7.37 7.41 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 6.20 5.80 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.80 8.50 1.00 1981 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
South Africa 27.20 Jun/18
Spain 15.30 Jun/18
Brazil 12.10 Aug/18
Turkey 10.80 Jul/18
Italy 9.70 Aug/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Aug/18
Saudi Arabia 6.10 Mar/18
Canada 5.90 Sep/18
Australia 5.30 Aug/18
Indonesia 5.13 Mar/18
Russia 4.60 Aug/18
South Korea 4.00 Sep/18
United Kingdom 4.00 Aug/18
Netherlands 3.90 Aug/18
China 3.83 Jun/18
United States 3.70 Sep/18
India 3.52 Dec/17
Mexico 3.50 Aug/18
Germany 3.40 Aug/18
Japan 2.40 Aug/18
Switzerland 2.40 Sep/18
Singapore 2.10 Jun/18


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