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

The seasonally adjusted unemployment rate in Hong Kong decreased to 3.0 percent in the three months to October of 2017, after four consecutive months of a 3.1 percent rate. It was the lowest unemployment rate since February 1998. Meanwhile, the underemployment remained at 1.1 percent for the fourth consecutive three-month period. 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 Lowest Since 1998


The seasonally adjusted unemployment rate in Hong Kong decreased to 3.0 percent in the three months to October of 2017, after four consecutive months of a 3.1 percent rate. It was the lowest unemployment rate since February 1998. Meanwhile, the underemployment remained at 1.1 percent for the fourth consecutive three-month period.

Comparing to the previous three-month period, the number of unemployed persons (not seasonally adjusted) decreased by about 4 600 from 128 200 in July-September 2017 to 123 600 in August-October 2017. In the meantime, the number of underemployed persons increased slightly from the previous period by around 500 to 44 200.

Total employment also fell marginally to 3.837 million from 3.837 million in July-September 2017, and the labour force decreased by around 4 900 to 3.96 million.

Meanwhile, unemployment among youngsters between 15 and 24 went down by 1.0 percentage point to 9.5 percent. To assist young people to find jobs, the Labour Department provides through the Youth Employment and Training Programme comprehensive training and employment support to young school leavers aged 15 to 24 with educational attainment at sub-degree level or below.

“Labour market conditions will likely remain tight in the near term amid the further solid growth of the local economy. Yet, we will stay vigilant of various uncertainties in the external environment and closely monitor the relevant developments”, the Secretary for Labour and Welfare commented.

Census and Statistics Department | Marta Dubiel | marta.dubiel@tradingeconomics.com
11/16/2017 9:19:40 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-18 08:30 AM Unemployment Rate 3.1% 3.1% 3.1%
2017-10-19 08:30 AM Unemployment Rate 3.1% 3.1% 3.1%
2017-11-16 08:30 AM Unemployment Rate 3.0% 3.1% 3.1%
2017-12-18 08:30 AM Unemployment Rate 3.0% 3.0%
2018-01-18 08:30 AM Unemployment Rate
2018-02-22 08:30 AM Unemployment Rate


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.00 3.10 8.50 1.00 percent [+]
Employed Persons 3837.10 3837.40 3841.20 2370.60 Thousand [+]
Unemployed Persons 123.60 128.20 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.20 61.30 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 69592.00 70463.00 127765.00 15919.00 [+]
Wages 15702.00 15379.00 15702.00 10382.00 HKD/Month [+]
Wages in Manufacturing 211.50 207.20 211.50 141.80 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 6.20 6.90 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

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.10 8.50 1.00 1981 - 2017 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.20 Oct/17
Italy 11.10 Oct/17
Turkey 10.60 Sep/17
France 9.70 Sep/17
Euro Area 8.80 Oct/17
Canada 5.90 Nov/17
Indonesia 5.50 Sep/17
Australia 5.40 Nov/17
Russia 5.10 Oct/17
Netherlands 4.50 Oct/17
United Kingdom 4.30 Oct/17
United States 4.10 Nov/17
China 3.95 Sep/17
South Korea 3.70 Nov/17
Germany 3.60 Oct/17
Mexico 3.50 Oct/17
India 3.46 Dec/16
Switzerland 3.10 Nov/17
Japan 2.80 Oct/17