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

The seasonally adjusted unemployment rate in Hong Kong edged down to 3.3 percent in the three months to November 2016, after staying at 3.4 percent for eight consecutive periods. The figure came in below market expectations of 3.4 percent to hit the lowest reading since the three months to February. The underemployment rate remained unchanged at 1.4 percent for the ninth straight period. Unemployment Rate in Hong Kong averaged 3.70 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.

Hong Kong Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-18 08:30 AM Sep 3.4% 3.4% 3.4%
2016-11-17 08:30 AM Oct 3.4% 3.4% 3.5%
2016-12-19 08:30 AM Nov 3.3% 3.4% 3.4%
2017-01-19 08:30 AM Dec 3.3% 3.3%
2017-02-20 08:30 AM Jan 3.2%
2017-03-16 08:30 AM Feb 3.2%




Hong Kong Jobless Rate Falls To 3.3%


The seasonally adjusted unemployment rate in Hong Kong edged down to 3.3 percent in the three months to November 2016, after staying at 3.4 percent for eight consecutive periods. The figure came in below market expectations of 3.4 percent to hit the lowest reading since the three months to February. The underemployment rate remained unchanged at 1.4 percent for the ninth straight period.

Comparing with the three months to October 2016, the number of unemployed persons (not seasonally adjusted) decreased by around 5 500 from 136 100 to 130 600 in September-November 2016. Over the same period, the number of underemployed persons also decreased by around 600 from 55 300 to 54 700. Decreases in the unemployment rate (not seasonally adjusted) were mainly seen in the professional and business services (excluding cleaning and similar activities) sector and the repair, laundry, domestic and other personal service activities sector. As to the underemployment rate, an increase was mainly observed in the education sector while a decrease was mainly seen in the retail sector. 

Total employment decreased by around 4 600 from 3 810 900 in August - October 2016 to 3 806 300 in September - November 2016. Over the same period, the labour force also decreased by around 10 100 from 3 947 000 to 3 936 900.

On the short-term outlook, "Labour market condition looks set to remain tight in the short term. Yet, the outlook beyond the near term continues to be overshadowed by a highly uncertain external environment, with potential impact on the local economy. We will stay vigilant and monitor developments closely", the Secretary for Labour and Welfare, Mr Matthew Cheung Kin-chung, said.

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/19/2016 10:28:23 AM



Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.40 8.50 1.00 percent [+]
Employed Persons 3806.30 3810.90 3816.80 2370.60 Thousand [+]
Unemployed Persons 130.60 136.10 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.00 61.00 66.50 59.50 percent [+]
Labour Costs 135.90 154.60 154.60 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 7.23 7.30 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 6.10 6.30 10.40 1.90 percent [+]



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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 8.50 1.00 1981 - 2016 percent Monthly
SA



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Chile 6.20 Nov/16
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Bangladesh 4.30 Dec/14
Denmark 4.20 Nov/16
Seychelles 4.20 Dec/15
United Arab Emirates 4.20 Dec/12
Germany 4.10 Nov/16
North Korea 4.10 Dec/14
China 4.04 Sep/16
Myanmar 4.02 Dec/13
Cameroon 4.00 Dec/13
Taiwan 3.84 Nov/16
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Japan 3.10 Nov/16
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