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

The seasonally adjusted unemployment rate in Hong Kong was unchanged at 2.8 percent in the three months to May of 2018, the same as in the previous period. It remained the lowest rate since 1998. On a non-seasonally adjusted basis, the number of unemployed persons dropped by 600 to 112,300 in March - May 2018 when compared with the previous period, and the number of underemployed declined slightly by around 100 to 41,000. Meantime, total employment in March – May of 2018 fell by 1,700 persons to 3,866,600 and the labour force went down by around 2,300 to 3,977,200 persons. 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 Remains Lowest in Over 20 Years


The seasonally adjusted unemployment rate in Hong Kong was unchanged at 2.8 percent in the three months to May of 2018, the same as in the previous period. It remained the lowest rate since 1998.

On a non-seasonally adjusted basis, the number of unemployed persons dropped by 600 to 112,300 in March - May 2018 when compared with the previous period, and the number of underemployed declined slightly by around 100 to 41,000. The unemployment situation continued to improve notably for most of the main service sectors, particularly in the trade and tourism-related industries, amid strong global demand and buoyant inbound tourism.

Meantime, total employment in March – May of 2018 fell by 1,700 persons to 3,866,600 and the labour force went down by around 2,300 to 3,977,200 persons.

Looking ahead, "Under the generally favourable economic situation, the labour market will likely stay tight in the near term. Yet, 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 | Gabriela Costa | gabriela.costa@tradingeconomics.com
6/19/2018 8:56:45 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 2.8%
2018-07-19 08:30 AM Unemployment Rate 2.8% 2.8%
2018-08-17 08:30 AM Unemployment Rate 2.8%
2018-09-18 08:30 AM Unemployment Rate 2.8%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.80 2.80 8.50 1.00 percent [+]
Employed Persons 3864.90 3866.60 3872.40 2370.60 Thousand [+]
Unemployed Persons 112.30 112.90 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 61.20 66.50 59.50 percent [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 76875.00 74041.00 127765.00 15919.00 [+]
Wages 15819.00 15913.00 15913.00 10382.00 HKD/Month [+]
Wages in Manufacturing 215.00 214.80 215.00 141.80 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 5.20 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 July of 2018.

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




unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 12.70 May/18
Italy 10.70 May/18
Turkey 9.60 Apr/18
France 9.20 Mar/18
Euro Area 8.40 May/18
Canada 6.00 Jun/18
Australia 5.40 May/18
Indonesia 5.13 Mar/18
Russia 4.70 May/18
United Kingdom 4.20 May/18
United States 4.00 Jun/18
Netherlands 3.90 May/18
China 3.89 Mar/18
South Korea 3.70 Jun/18
India 3.52 Dec/17
Germany 3.40 May/18
Mexico 3.20 May/18
Switzerland 2.40 Jun/18
Japan 2.20 May/18


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