Hong Kong Unemployment Rate

Unemployment Rate in Hong Kong remained unchanged at 3.50 percent in April of 2013 from 3.50 percent in March of 2013. Unemployment Rate in Hong Kong is reported by the Census & Statistics Department. Historically, from 1981 until 2013, Hong Kong Unemployment Rate averaged 3.75 Percent reaching an all time high of 8.60 Percent in July of 2003 and a record low of 1 Percent in July of 1989. 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 includes a chart with historical data for Hong Kong Unemployment Rate.

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Hong Kong Unemployment Rate
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Hong Kong Unemployment Rate Steady at 3.5% in April
Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com  |  5/20/2013 11:09:57 AM


The seasonally adjusted unemployment rate stood at 3.5 percent in February - April 2013, same as that in January - March 2013. The underemployment rate also remained unchanged at 1.6 percent in the two periods.

Comparing February - April 2013 with January - March 2013, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the retail, manufacturing, and accommodation and food services sectors, while decreases were mainly seen in the insurance, wholesale and construction sectors. As to the underemployment rate, an increase was mainly observed in the foundation and superstructure works of the construction sector, while a decrease was mainly seen in the cleaning and similar activities sector.
 
Total employment decreased by around 1 900 from 3 720 200 in January - March 2013 to 3 718 300 in February - April 2013. Over the same period, the labour force also decreased by around 1 000 from 3 852 700 to 3 851 700.
 
The number of unemployed persons (not seasonally adjusted) increased by around 1 000 from 132 500 in January - March 2013 to 133 500 in February - April 2013. Over the same period, the number of underemployed persons also increased by around 700 from 61 100 to 61 800.
 
Commenting on the latest unemployment figures, the Secretary for Labour and Welfare, Mr Matthew Cheung Kin-chung, said, "The labour market held largely stable lately. Total employment shrank slightly in February - April 2013 after six straight months of increase. The seasonally adjusted unemployment rate remained unchanged at a relatively low level of 3.5%."
 
On the short-term outlook, Mr Cheung said, "A new batch of fresh graduates and school leavers will enter the labour market in the coming few months. Coupled with a still rather cautious hiring sentiment, there may be some pressure on the unemployment rate. Yet, the resilience of domestic demand should provide some cushion to the overall employment situation. We will stay alert and monitor developments in the local labour market closely. The Labour Department will keep up its efforts in providing comprehensive employment service to job-seekers and enhance its employment service in relatively remote districts."
 
   

ARCHIVE
Hong Kong Unemployment Rate Up to 3.5% in March
According to the latest labour force statistics (provisional figures for January - March 2013) released by the Census and Statistics Department, the seasonally adjusted unemployment rate increased from 3.4% in December 2012 - February 2013 to 3.5% in January - March 2013. The underemployment rate also increased from 1.5% in December 2012 - February 2013 to 1.6% in January - March 2013. 2013-04-18

Hong Kong Unemployment Rate Stable At 3.40 Percent In November
According to the latest labour force statistics released on December 18 by the Census and Statistics Department, the seasonally adjusted unemployment rate stood at 3.4 percent in November 2012, same as that in October 2012. The underemployment rate decreased from 1.5 percent in October 2012 to 1.4 percent in November 2012. 2012-12-18

Hong Kong Unemployment Rate Unchanged in February
According to the latest labour force statistics (provisional figures for December 2012 - February 2013) released by the Census and Statistics Department, the seasonally adjusted unemployment rate stood at 3.4 percent in December 2012 - February 2013, same as that in November 2012 - January 2013. The underemployment rate decreased from 1.6 percent in November 2012 - January 2013 to 1.5 percent in December 2012 - February 2013. 2013-04-17

Hong Kong Unemployment Rate Up to 3.40 Percent in October
Comparing October 2012 with September 2012, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the accommodation services, transportation and construction sectors. As to the underemployment rate, decreases were mainly seen in the construction and wholesale sectors. 2012-12-14




Unemployment Rate | Notes

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.










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