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

The seasonally adjusted unemployment rate in Hong Kong was unchanged at a 20-year low of 2.8 percent in the three months to July 2018. The underemployment rate, however, edged up to 1.1 percent from 1 percent in the April-June period. 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 Holds Steady at 2.8%


The seasonally adjusted unemployment rate in Hong Kong was unchanged at a 20-year low of 2.8 percent in the three months to July 2018. The underemployment rate, however, edged up to 1.1 percent from 1 percent in the April-June period.

On a non-seasonally adjusted basis, the number of unemployed increased by 2.3 thousand from the April-June period to 114.7 thousand in the three months to July, and the number of underemployed went up by around 2.7 thousand to 44.1 thousand.

Meanwhile, the number of employed rose by 2.9 thousand from the previous three-month period to 3.87 million. The labour force participation rate was unchanged at 61.2 percent.

Looking ahead, "The labour market should remain tight in the near term riding on the solid growth momentum of the local economy. Nevertheless, as external uncertainties have increased markedly of late, with possible repercussions for export outlook, local economic sentiment and asset markets, we will stay vigilant to their potential impact on the local labour market." the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.


Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/17/2018 8:56:59 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 2.8%
2018-08-17 08:30 AM Unemployment Rate 2.8% 2.8% 2.8%
2018-09-18 08:30 AM Unemployment Rate 2.8% 2.8%
2018-10-19 08:30 AM Unemployment Rate 2.8%
2018-11-16 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 3872.70 3869.80 3872.70 2370.60 Thousand [+]
Unemployed Persons 114.70 112.40 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.20 61.20 66.50 59.50 percent [+]
Productivity 166.00 160.10 166.00 99.40 Index Points [+]
Job Vacancies 76875.00 74041.00 127765.00 15919.00 [+]
Wages 15897.00 15819.00 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 5.80 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 August 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 15.30 Jun/18
Brazil 12.40 Jun/18
Italy 10.90 Jun/18
Turkey 9.70 May/18
France 9.10 Jun/18
Euro Area 8.30 Jun/18
Canada 5.80 Jul/18
Australia 5.30 Jul/18
Indonesia 5.13 Mar/18
Russia 4.70 Jul/18
United Kingdom 4.00 Jun/18
United States 3.90 Jul/18
China 3.83 Jun/18
Netherlands 3.80 Jul/18
South Korea 3.80 Jul/18
India 3.52 Dec/17
Germany 3.40 Jun/18
Mexico 3.40 Jun/18
Japan 2.40 Jun/18
Switzerland 2.40 Jul/18


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