Hong Kong's seasonally adjusted unemployment rate eased to 6.4 percent in the February to April 2021 period, the lowest since the quarter ending November 2020, as the local epidemic continued to recede. On a non-seasonally adjusted basis, the number of unemployed persons declined by 12,300 to 247,500 and those employed increased by 7,900 to 3.622 million. Unemployment levels decreased in many major economic sectors, in particular, the combined jobless rate in the consumption and tourism related industries fell by 0.8 pp to 9.9 percent. Looking ahead, the Secretary of Labour and Welfare said the labor market will take time to visibly recover, as revenues of labor-intensive sectors were still well below pre-pandemic levels, and the recovery would continue to rely on the success of the vaccination program and the community’s efforts to contain the pandemic. source: Census and Statistics Department, Hong Kong

Unemployment Rate in Hong Kong averaged 3.72 percent from 1981 until 2021, reaching an all time high of 8.50 percent in June of 2003 and a record low of 1 percent in July of 1989. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Unemployment Rate in Hong Kong is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hong Kong to stand at 6.00 in 12 months time. In the long-term, the Hong Kong Unemployment Rate is projected to trend around 6.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Hong Kong Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.80 8.50 1.00 1981 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-18 08:30 AM Jan 7% 6.6% 6.5%
2021-03-16 08:30 AM Feb 7.2% 7% 7.5% 7.3%
2021-04-22 08:30 AM Mar 6.8% 7.2% 7%
2021-05-20 08:30 AM Apr 6.4% 6.8% 6.6%
2021-06-17 08:30 AM May 6.4% 6.4%
2021-07-20 08:30 AM Jun
2021-08-18 08:30 AM Jul
2021-09-16 08:30 AM Aug


News Stream
Hong Kong Jobless Rate at 5-Month Low
Hong Kong's seasonally adjusted unemployment rate eased to 6.4 percent in the February to April 2021 period, the lowest since the quarter ending November 2020, as the local epidemic continued to recede. On a non-seasonally adjusted basis, the number of unemployed persons declined by 12,300 to 247,500 and those employed increased by 7,900 to 3.622 million, while the labor force shrank by roughly 4,400 to 3.870 million. Unemployment levels decreased in many major economic sectors, in particular, the combined jobless rate in the consumption and tourism related industries fell by 0.8 pp to 9.9 percent. Looking ahead, the Secretary of Labour and Welfare said the labor market will take time to visibly recover, as revenues of labor-intensive sectors were still well below pre-pandemic levels, and the recovery would continue to rely on the success of the vaccination program and the community’s efforts to contain the pandemic.
2021-05-20
Hong Kong Jobless Rate Retreats to 6.8%
Hong Kong's seasonally adjusted unemployment rate retreated to 6.8 percent in the January 2020-March 2021 period, the lowest since the quarter ending December 2020, as the pandemic receded towards the end of the quarter. On a non-seasonally adjusted basis, the number of unemployed persons declined by 1,800 to 259,800 and those employed increased by 4,000 to 3.614 million. Meantime, the labor force expanded by around 2,200 to 3.873 million. Unemployment levels decreased in many major economic sectors, more distinctly in the retail, accommodation and food services sector, and the human health activities sector. Looking ahead, the Secretary of Labour and Welfare warned of the uneven outlook across sectors and the challenges the tourism industry still faces in the coming months.
2021-04-22
Hong Kong Jobless Rate Rises to 17-Year High
Hong Kong's seasonally adjusted unemployment rate rose to 7.2 percent in December 2020-February 2021, the highest since the three months to March 2004, as the labor market remained under notable pressure due to the COVID-19 crisis. On a non-seasonally adjusted basis, the number of unemployed persons increased by around 8,300 to 261,600, while employment decreased by around 20,500 to 3.61 million and the labor force declined by around 12,300 to 3.87 million. Unemployment levels increased across almost all the major economic sectors, with more distinct increases observed in the import and export trade sector; postal and courier activities sector; education sector; and arts, entertainment and recreation sector.
2021-03-16
Hong Kong Jobless Rate at Near 17-Year High
The seasonally adjusted unemployment rate in Hong Kong rose to 7% in the three months to January of 2021 from 6.6% in the previous period. It is the highest jobless rate since the February-April quarter of 2004, amid the adverse effects of a prolonged pandemic and tighter lockdown restrictions. The number of unemployed persons (not seasonally adjusted) increased by around 7,500 to 253,300 while employment decreased by around 17,100 to 3.631 million. Unemployment went up across almost all the major economic sectors, with retail, accommodation and food services, education and arts, entertainment & recreation among the most affected. "Although the fourth wave of local epidemic has shown signs of easing lately, the labour market will remain under pressure in the near term as it will take time for economic activities to return to normal", the Secretary for Labour and Welfare said.
2021-02-18

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.