Hong Kong Unemployment Rate 1981-2014 | Data | Chart | Calendar

Unemployment Rate in Hong Kong increased to 3.30 percent in July of 2014 from 3.20 percent in June of 2014. Unemployment Rate in Hong Kong averaged 3.73 Percent from 1981 until 2014, 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.

   
 
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Hong Kong Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.20 8.50 1.00 1981 - 2014 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 - Hong Kong Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Hong Kong Unemployment Rate - was last refreshed on Wednesday, August 20, 2014.


Hong Kong Unemployment Rate Rises in July


Hong Kong’s seasonally adjusted jobless rate edged up for the second straight time by 0.1 percentage point to 3.3 percent in May to July 2014. Although total employment rose to an all-time high of 3 771 100, the increase in labour force was even more.

Comparing May - July 2014 with April - June 2014, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the food and beverage service activities, repair, laundry, domestic and other personal service activities, and retail sectors. As to the underemployment rate, a decrease was mainly observed in the decoration, repair and maintenance for buildings sector while notable increase was not seen in any particular sector.

The number of unemployed persons (not seasonally adjusted) increased by around 5 700 from 127 600 in April - June 2014 to 133 300 in May - July 2014. The number of underemployed persons in May - July 2014 was 57 900, about the same as 58 000 in April - June 2014.

The underemployment rate remained unchanged at 1.5 percent in the two periods.

Total employment increased by around 26 400 from 3 744 700 in April - June 2014 to 3 771 100 in May - July 2014. Over the same period, the labour force also increased by around 32 100 from 3 872 300 to 3 904 400.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2014 10:38:45 AM


Recent Releases

Hong Kong Unemployment Rate Up to 3.2%
Hong Kong seasonally adjusted jobless rate edged up by 0.1 percentage point to 3.2 percent in April to June 2014, after remaining unchanged at 3.1 percent for five consecutive months. However, employment sustained mild year-on-year growth and stayed close to its historical high. Published on 2014-07-17

Hong Kong Unemployment Rate Unchanged in May
Hong Kong seasonally adjusted jobless rate was 3.1 percent for the fifth consecutive period in March to May of 2014, the lowest rate in sixteen years. Total employment was near the record high, reflecting the persistent tightness in the labor market. Published on 2014-06-17


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-19 09:30 AM Hong Kong
Unemployment Rate
Apr 2014 3.1% 3.1% 3.1%
2014-06-17 09:30 AM Hong Kong
Unemployment Rate
May 2014 3.1% 3.1% 3.1% 3.1%
2014-07-17 09:30 AM Hong Kong
Unemployment Rate
Jun 2014 3.2% 3.1% 3.1% 3.1%
2014-08-18 09:30 AM Hong Kong
Unemployment Rate
Jul 2014 3.3% 3.2% 3.3%
2014-09-18 09:30 AM Hong Kong
Unemployment Rate
Aug 2014 3.3% 3.3%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.20 8.50 1.00 Percent [+]
Employed Persons 3771.10 3744.70 3771.10 2370.60 Thousand [+]
Unemployed Persons 133.30 127.60 307.70 24.90 Thousand [+]
Job Vacancies 77788.00 72382.00 127765.00 15919.00 [+]
Productivity 145.50 144.50 145.50 99.40 Index Points [+]
Labor Force Participation Rate 61.00 60.70 66.50 59.50 Percent [+]
Wages 196.70 195.20 196.70 144.80 Index Points [+]
Wages in Manufacturing 185.20 180.90 185.20 141.80 Index Points [+]
Labour Costs 140.00 123.70 148.10 76.20 Index Points [+]
Population 7.22 7.17 7.22 3.08 Million [+]





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