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

The seasonally adjusted unemployment rate in Hong Kong declined to 2.9 percent in the three months to December of 2017 from 3.0 percent in the previous period. It was the lowest jobless rate since January of 1998, mostly due to decreases in the real state and construction sector. Unemployment Rate in Hong Kong averaged 3.69 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 Falls to Lowest Since 1998


The seasonally adjusted unemployment rate in Hong Kong declined to 2.9 percent in the three months to December of 2017 from 3.0 percent in the previous period. It was the lowest jobless rate since January of 1998, mostly due to decreases in the real state and construction sector. Meanwhile, the underemployment rate remained unchanged at 1.1 percent for the sixth consecutive period.

Comparing to the previous three-month period, the number of unemployed persons fell by about 8 000 to 109,800 in October-December 2017, while the number of underemployed persons increased by around 500 to 42 100.

Meantime, total employment rose by 10,300 to 3.850 million in the three months to December, and the labour force by around 2,400 to 3.960 million.

Looking ahead, "The overall benign economic conditions are expected to keep the labour market tight in the near term. Nevertheless, we will continue to monitor closely the various external uncertainties and developments in the local labour market.", the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.


Census and Statistics Department | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/18/2018 8:57:27 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-16 08:30 AM Unemployment Rate 3.0% 3.1% 3.1%
2017-12-18 08:30 AM Unemployment Rate 3% 3% 3.0%
2018-01-18 08:30 AM Unemployment Rate 2.9% 3% 3%
2018-02-22 08:30 AM Unemployment Rate 2.9% 2.9%
2018-03-19 08:30 AM Unemployment Rate 2.8%
2018-04-19 08:30 AM Unemployment Rate 2.8%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 3.00 8.50 1.00 percent [+]
Employed Persons 3850.60 3840.30 3850.60 2370.60 Thousand [+]
Unemployed Persons 109.80 117.80 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 61.10 66.50 59.50 percent [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 71149.00 69592.00 127765.00 15919.00 [+]
Wages 15702.00 15379.00 15702.00 10382.00 HKD/Month [+]
Wages in Manufacturing 214.30 211.50 214.30 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.37 7.30 7.37 3.08 Million [+]
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 5.30 5.90 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 8.50 1.00 1981 - 2017 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.00 Nov/17
Italy 11.00 Nov/17
Turkey 10.30 Oct/17
France 9.70 Sep/17
Euro Area 8.70 Nov/17
Canada 5.70 Dec/17
Australia 5.50 Dec/17
Indonesia 5.50 Sep/17
Russia 5.10 Nov/17
Netherlands 4.40 Dec/17
United Kingdom 4.30 Oct/17
United States 4.10 Dec/17
China 3.95 Sep/17
Germany 3.60 Nov/17
South Korea 3.60 Dec/17
India 3.46 Dec/16
Mexico 3.40 Nov/17
Switzerland 3.30 Dec/17
Japan 2.70 Nov/17


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