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

The seasonally adjusted unemployment rate in Hong Kong fell to 2.8 percent in the three months to April of 2018, easing from 2.9 percent in the previous period. It remained the lowest rate since 1998. On a non-seasonally adjusted basis, the number of employed persons fell by 5,800 to 3,866,600 and the labour force went down by around 4,900 to 3,979,500 persons. The number of unemployed increased slightly by 800 persons to 112,900 in February - April 2018 and total number of underemployed persons fell by 2,200 to 41,100. Unemployment Rate in Hong Kong averaged 3.68 percent from 1981 until 2018, 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 Fresh 20-Year Low


The seasonally adjusted unemployment rate in Hong Kong fell to 2.8 percent in the three months to April of 2018, easing from 2.9 percent in the previous period. It remained the lowest rate since 1998.

On a non-seasonally adjusted basis, the number of unemployed persons increased slightly by 800 to 112,900 in February - April 2018 when compared with the previous period, while the number of underemployed dropped by around 2,200 to 41,100. The unemployment situation improved notably for most of the main service sectors, particularly in the financing sector, as well as trade and tourism-related industries amid positive global economic conditions and further recovery in inbound tourism.

Meantime, total employment in February – April of 2018 fell by 5,800 persons to 3,866,600 and the labour force went down by around 4,900 to 3,979,500 persons.

Looking ahead, "Overall labour market conditions will likely remain tight in the near term amid the prevailing positive economic environment. Yet, we will stay vigilant and closely monitor the relevant developments." the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.


Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com
5/17/2018 9:31:45 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-19 08:30 AM Unemployment Rate 2.9% 2.9% 2.9%
2018-04-19 08:30 AM Unemployment Rate 2.9% 2.9% 2.9%
2018-05-17 08:30 AM Unemployment Rate 2.8% 2.9% 3%
2018-06-19 08:30 AM Unemployment Rate 2.8% 2.8%
2018-07-19 08:30 AM Unemployment Rate 2.7%
2018-08-17 08:30 AM Unemployment Rate 2.7%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.80 2.90 8.50 1.00 percent [+]
Employed Persons 3866.60 3872.40 3872.40 2370.60 Thousand [+]
Unemployed Persons 112.90 112.10 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.20 61.40 66.50 59.50 percent [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 74041.00 71149.00 127765.00 15919.00 [+]
Wages 15819.00 15913.00 15913.00 10382.00 HKD/Month [+]
Wages in Manufacturing 214.80 214.30 214.80 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.41 7.37 7.41 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 5.30 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.90 8.50 1.00 1981 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 13.10 Mar/18
Italy 11.00 Mar/18
Turkey 10.60 Feb/18
France 9.20 Mar/18
Euro Area 8.50 Mar/18
Canada 5.80 Apr/18
Australia 5.60 Apr/18
Indonesia 5.13 Mar/18
Russia 4.90 Apr/18
United Kingdom 4.20 Mar/18
Netherlands 3.90 Apr/18
United States 3.90 Apr/18
China 3.89 Mar/18
South Korea 3.80 Apr/18
India 3.52 Dec/17
Germany 3.40 Mar/18
Mexico 2.90 Mar/18
Switzerland 2.70 Apr/18
Japan 2.50 Mar/18


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