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 months to July of 2017, unchanged from the previous period. It remains the lowest jobless rate since February of 2014. The underemployment rate fell to 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
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Hong Kong Jobless Rate Steady at 3.1% in July


The seasonally adjusted unemployment rate in Hong Kong stood at 3.1 percent in the three months to July of 2017, unchanged from the previous period. It remains the lowest jobless rate since February of 2014. The underemployment rate fell to 1.1 percent, the lowest level in almost two decades.

Compared to the three months to June, the number of unemployed persons (not seasonally adjusted) increased by around 3,000 to 128,200 and the number of underemployed decreased by 1,200 to 44,300.

Although jobless rates for major economic sectors saw little change from the preceding three-month period, the unemployment rates of many sectors were lower than a year ago, namely the tourism-related segment (retail, accomodation and food services), which fell to 4.6 percent, reaching the lowest since the end 2015.

Total employment rose by around 11,400 to 3.8335 million and the labour force also went up to 3,9617 million from 3.9472 million in April-June 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 tight alongside a generally positive hiring sentiment. Yet, we will stay vigilant and closely monitor the developments in the external environment and their potential impacts on the local labour market in the months ahead".

Statistics of Hong Kong | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/17/2017 9:51:00 AM



Calendar GMT Actual Previous Consensus Forecast (i)
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% 3.1%
2017-09-18 08:30 AM Aug 3.1% 3.1%
2017-10-19 08:30 AM Sep 3.1%
2017-11-16 08:30 AM Oct 3.1%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 3.10 8.50 1.00 percent [+]
Employed Persons 3833.50 3822.10 3833.50 2370.60 Thousand [+]
Unemployed Persons 128.20 125.20 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.30 61.10 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 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 6.10 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 August 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 13.00 Jun/17
Italy 11.10 Jun/17
Turkey 10.20 May/17
France 9.50 Jun/17
Euro Area 9.10 Jun/17
Canada 6.30 Jul/17
Australia 5.60 Jul/17
Indonesia 5.33 Mar/17
Russia 5.10 Jul/17
India 4.90 Dec/13
Netherlands 4.80 Jul/17
United Kingdom 4.40 Jun/17
United States 4.30 Jul/17
China 3.95 Jun/17
Germany 3.80 Jun/17
South Korea 3.60 Jul/17
Mexico 3.30 Jun/17
Switzerland 3.00 Jul/17
Japan 2.80 Jun/17