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

The seasonally adjusted unemployment rate in Hong Kong stood at 3.2 percent in the three months to May of 2017, unchanged from the previous two periods and the lowest since mid 2014. The underemployment rate also remained steady 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)
2017-04-21 08:30 AM Mar 3.2% 3.3% 3.3%
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 3.2% 3.3%
2017-08-17 08:30 AM Jul 3.2%
2017-09-18 08:30 AM Aug 3.2%




Hong Kong Unemployment Rate Remains At 3.2%


The seasonally adjusted unemployment rate in Hong Kong stood at 3.2 percent in the three months to May of 2017, unchanged from the previous two periods and the lowest since mid 2014. The underemployment rate also remained steady at 1.2 percent.

The number of unemployed persons (not seasonally adjusted) decreased by around 900 to 126,300. Total employment increased by around 1,200 to 3.8179 million. The labour force was 3.9442 million, about the same as in February - April 2017 (3.9439 million).

On the short-term outlook, the Secretary for Labour and Welfare said "The labour market should remain tight in the near term. Nevertheless, the employment outlook for the rest of the year will continue to hinge on the development of various external uncertainties. We will stay vigilant and monitor the situation closely."

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
6/20/2017 8:53:10 AM



Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.20 8.50 1.00 percent [+]
Employed Persons 3817.90 3816.70 3831.10 2370.60 Thousand [+]
Unemployed Persons 126.30 127.20 307.70 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 206.80 206.60 206.80 141.80 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 June of 2017.

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



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.60 Apr/17
Turkey 11.70 Mar/17
Italy 11.10 Apr/17
France 9.60 Mar/17
Euro Area 9.30 Apr/17
Canada 6.60 May/17
Australia 5.50 May/17
Indonesia 5.33 Mar/17
Russia 5.20 May/17
Netherlands 5.10 May/17
India 4.90 Dec/13
United Kingdom 4.60 Apr/17
United States 4.30 May/17
China 3.97 Mar/17
Germany 3.90 Apr/17
South Korea 3.60 May/17
Mexico 3.50 Apr/17
Switzerland 3.10 May/17
Japan 2.80 Apr/17