Hong Kong Unemployment Rate  1981-2016 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong came in at 3.4 percent in three months to June of 2016, unchanged from the previous period, remaining at the highest level since 2013 for the third consecutive month. The underemployment rate was steady at 1.4 percent. Unemployment Rate in Hong Kong averaged 3.71 percent from 1981 until 2016, reaching an all time high of 8.50 percent in June of 2003 and a record low of 1 percent in July of 1989. Unemployment Rate in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.40 8.50 1.00 1981 - 2016 percent Monthly
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-17 08:30 AM Apr 3.4% 3.4% 3.4% 3.4%
2016-06-16 08:30 AM May 3.4% 3.4% 3.4%
2016-07-19 08:30 AM Jun 3.4% 3.4% 3.4%
2016-08-18 08:30 AM Jul 3.4% 3.5%
2016-09-19 08:30 AM Aug 3.5%
2016-10-18 08:30 AM Sep 3.5%

Hong Kong Jobless Rate Steady at 3.4%


The seasonally adjusted unemployment rate in Hong Kong came in at 3.4 percent in three months to June of 2016, unchanged from the previous period, remaining at the highest level since 2013 for the third consecutive month. The underemployment rate was steady at 1.4 percent.

The seasonally adjusted unemployment rate in Hong Kong came in at 3.4 percent in three months to June of 2016, unchanged from the previous period, remaining at the highest level since 2013 for the third consecutive month. The underemployment rate was steady at 1.4 percent. 

Comparing the three months to June of 2016 with the previous period, unemployed persons (not seasonally adjusted) increased by around 1 500 from 134 600 in March - May 2016 to 136 100 in April - June 2016. Over the same period, the number of underemployed persons decreased by around 1 800 from 55 900 in March - May 2016 to 54 100 in April - June 2016.

Movements in the unemployment rate (not seasonally adjusted) in different industry sectors varied. Increases were mainly seen in the real estate sector and education sector while decreases were mainly seen in the construction sector and professional and business services (excluding cleaning and similar activities) sector. As to the underemployment rate, an increase was mainly seen in the repair, laundry, domestic and other personal service activities sector while a decrease was seen in foundation and superstructure works of the construction sector.

Total employment increased by around 6 200 from 3 800 900 in March - May 2016 to 3 807 100 in April - June 2016. Over the same period, the labour force also increased by around 7 700 from 3 935 500 to 3 943 200.

On the short-term outlook, the employment outlook remains overshadowed by the increased external headwinds and the concurrent slowdown in inbound tourism and local consumption market. With the entry of fresh graduates and school leavers into the labour force during the summer season, the labour supply is likely to be boosted in the coming months. We will stay vigilant and monitor developments closely. 


Census and Statistics Department | Mojdeh Kazemi | mojdeh@tradingeconomics.com
7/19/2016 10:14:42 AM

Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.40 8.50 1.00 percent [+]
Employed Persons 3807.10 3800.90 3816.40 2370.60 Thousand [+]
Unemployed Persons 136.10 134.60 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.20 61.10 66.50 59.50 percent [+]
Labour Costs 137.40 129.60 148.70 76.20 Index Points [+]
Productivity 155.20 153.70 155.20 99.40 Index Points [+]
Job Vacancies 70301.00 71241.00 127765.00 15919.00 [+]
Wages 15055.00 15126.00 15126.00 10382.00 HKD/Month [+]
Wages in Manufacturing 200.00 199.10 200.00 141.80 Index Points [+]
Minimum Wages 32.50 30.00 32.50 28.00 HKD/Hour [+]
Population 7.30 7.23 7.30 3.08 Million [+]
Retirement Age Men 65.00 60.00 65.00 60.00 [+]
Retirement Age Women 65.00 60.00 65.00 60.00 [+]
Youth Unemployment Rate 5.90 5.10 10.40 1.90 percent [+]




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