Hong Kong Unemployment Rate  1981-2017 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong stood at 3.3 percent in the three months to January 2017, the same as in the previous period. The underemployment rate decreased to 1.3 percent from 1.4 percent in October-December 2016. On a non-seasonally adjusted basis, the number of unemployed persons fell by around 2.8 thousand to 119.2 thousand and employment rose by 14.1 thousand to 3.83 million. Also, the labour force increased by 11.2 thousand to 3.95 million. Unemployment Rate in Hong Kong averaged 3.70 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-19 08:30 AM Nov 3.3% 3.4% 3.4%
2017-01-19 08:30 AM Dec 3.3% 3.3% 3.3%
2017-02-20 08:30 AM Jan 3.3% 3.3% 3.3%
2017-03-16 08:30 AM Feb 3.3% 3.3%
2017-04-21 08:30 AM Mar 3.3%
2017-05-19 08:30 AM Apr 3.3%




Hong Kong Unemployment Rate Flat at 3.3%


The seasonally adjusted unemployment rate in Hong Kong stood at 3.3 percent in the three months to January of 2017, the same as in the previous two periods. The underemployment rate decreased to 1.3 percent from 1.4 percent in October-December 2016. The jobless rate benefited from the relative improvement of inbound tourism in the more recent periods and the usually more buoyant business activities in the run-up to the Lunar New Year.

On a non-seasonally adjusted basis, the number of unemployed persons fell by around 2.8 thousand to 119.2 thousand. Decreases were mainly seen in the food and beverage service activities sector and the repair, laundry, domestic and other personal service activities sector. As to the underemployment rate, a decline was mainly seen in the foundation and superstructure works of the construction sector. Employment rose by 14.1 thousand to 3.831 million and the labour force participation rate increased to 61.1 percent from 60.9 percent.

The labour market is expected to remain generally tight in the near term. The employment outlook still hinges on the play-out of various external uncertainties surrounding the local economy down the road. 

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
2/20/2017 11:18:18 AM



Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.30 8.50 1.00 percent [+]
Employed Persons 3831.10 3817.00 3831.10 2370.60 Thousand [+]
Unemployed Persons 119.20 122.00 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 60.90 66.50 59.50 percent [+]
Labour Costs 134.60 135.90 154.60 76.20 Index Points [+]
Productivity 155.20 153.70 155.20 99.40 Index Points [+]
Job Vacancies 69341.00 68199.00 127765.00 15919.00 [+]
Wages 15447.00 15129.00 15447.00 10382.00 HKD/Month [+]
Wages in Manufacturing 206.60 203.60 206.60 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.30 7.26 7.30 3.08 Million [+]
Youth Unemployment Rate 5.70 5.70 10.40 1.90 percent [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]



Hong Kong Unemployment Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.30 8.50 1.00 1981 - 2017 percent Monthly
SA



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Iran 12.70 Sep/16
Brazil 12.60 Jan/17
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Egypt 12.40 Dec/16
Puerto Rico 12.10 Dec/16
Turkey 12.10 Nov/16
Georgia 12.00 Dec/15
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South Sudan 12.00 Dec/08
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Oman 7.20 Dec/14
Peru 7.20 Jan/17
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El Salvador 7.00 Dec/14
Brunei 6.90 Dec/14
Paraguay 6.90 Sep/16
Togo 6.90 Dec/13
Canada 6.80 Jan/17
Haiti 6.80 Dec/14
Ireland 6.80 Jan/17
Nicaragua 6.80 Dec/14
Swaziland 6.70 Dec/13
Burkina Faso 6.60 Dec/14
Estonia 6.60 Dec/16
Malawi 6.60 Dec/13
Lebanon 6.40 Dec/14
Luxembourg 6.20 Jan/17
Chile 6.10 Dec/16
Pakistan 5.90 Dec/15
Australia 5.70 Jan/17
Saudi Arabia 5.70 Sep/16
Indonesia 5.61 Sep/16
Cayman Islands 5.60 Dec/15
Chad 5.60 Dec/13
Panama 5.60 Dec/16
Russia 5.60 Jan/17
Romania 5.50 Dec/16
Czech Republic 5.30 Jan/17
Ivory Coast 5.30 Dec/13
Netherlands 5.30 Jan/17
Ecuador 5.20 Dec/16
Ghana 5.20 Dec/13
New Zealand 5.20 Dec/16
Azerbaijan 5.00 Dec/15
India 4.90 Dec/13
Kazakhstan 4.90 Jan/17
Malta 4.80 Sep/16
United Kingdom 4.80 Dec/16
United States 4.80 Jan/17
Philippines 4.70 Dec/16
Sri Lanka 4.50 Sep/16
Norway 4.40 Dec/16
Trinidad and Tobago 4.40 Jun/16
Bangladesh 4.30 Dec/14
Denmark 4.30 Dec/16
Hungary 4.30 Jan/17
Israel 4.30 Jan/17
Seychelles 4.20 Dec/15
United Arab Emirates 4.20 Dec/12
North Korea 4.10 Dec/14
China 4.02 Dec/16
Myanmar 4.02 Dec/13
Cameroon 4.00 Dec/13
Germany 3.90 Dec/16
Taiwan 3.84 Jan/17
Liberia 3.80 Dec/14
Uganda 3.80 Dec/13
Bahrain 3.70 Dec/12
Switzerland 3.70 Jan/17
Iceland 3.60 Jan/17
Mexico 3.60 Jan/17
South Korea 3.60 Jan/17
Malaysia 3.50 Dec/16
Hong Kong 3.30 Jan/17
Sierra Leone 3.30 Dec/14
Guatemala 3.10 Jun/16
Japan 3.10 Dec/16
Nepal 3.00 Dec/14
Moldova 2.90 Sep/16
Bhutan 2.50 Dec/16
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Cuba 2.40 Dec/15
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Niger 2.25 Dec/08
Kuwait 2.20 Dec/15
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Singapore 2.20 Dec/16
Vietnam 2.14 Sep/16
Macau 2.00 Jan/17
Guinea 1.70 Dec/13
Laos 1.40 Dec/14
Madagascar 1.20 Dec/12
Thailand 1.20 Jan/17
Benin 1.00 Dec/13
Belarus 0.90 Feb/17
Cambodia 0.50 Dec/15
Qatar 0.20 Sep/16