Hong Kong Unemployment Rate 1981-2015 | Data | Chart | Calendar

Unemployment Rate in Hong Kong decreased to 3.20 percent in April of 2015 from 3.30 percent in March of 2015. Unemployment Rate in Hong Kong averaged 3.72 percent from 1981 until 2015, 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.

      Forecast
Hong Kong Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.30 8.50 1.00 1981 - 2015 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 Thursday, May 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-17 08:30 AM Feb 3.3% 3.3% 3.4%
2015-04-23 09:30 AM Mar 3.3% 3.3% 3.3% 3.3%
2015-05-19 09:30 AM Apr 3.2% 3.3% 3.3%
2015-06-18 09:30 AM May 3.2% 3.2%
2015-07-20 09:30 AM Jun 3.4%
2015-08-18 09:30 AM Jul 3.4%


Hong Kong Unemployment Rate Edges Down in April


Hong Kong seasonally adjusted unemployment rate decreased to 3.2 percent in February to April 2015, after remaining unchanged at 3.3 percent for nine consecutive periods. Both total employment and labour force sustained year-on-year growth.

Comparing February - April 2015 with the previous period, the number of unemployed persons (not seasonally adjusted) marginally increased by around 200 to 127 500 from 127 300. The number of underemployed persons decreased by around 4 100 to 49 400 (1.3 percent of the labour force) from 53 500.

Decreases in the unemployment rate were mainly seen in the information and communications, retail, and professional and business services (excluding cleaning and similar activities) sectors. As to the underemployment rate, a decrease was mainly observed in the construction sector.

Total employment in February - April 2015 decreased by around 8 800 to 3 792 300 from 3 801 100 in January - March 2015. Meanwhile, the labour force in February - April 2015 was 3 919 800, from 3 928 400 in the previous period, while the labour force participation rate grew to 61.5 percent (from 61.4 percent).

"The near-term employment outlook will continue to hinge on the overall economic growth, in particular how domestic demand and inbound tourism would fare down the road amidst the various uncertainties on the external front. We will stay vigilant and closely monitor development in the labour market.", the Secretary for Labour and Welfare, Mr Matthew Cheung Kin-chung, said.

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/19/2015 2:23:54 PM


Recent Releases

Hong Kong Unemployment Rate Stays at 3.3%
Hong Kong seasonally adjusted unemployment rate remained steady at 3.3 percent for the ninth consecutive period in January to March 2015. Published on 2015-04-23

Hong Kong Unemployment Rate Steady in February
Hong Kong seasonally adjusted jobless rate remained unchanged at 3.3 percent for the eighth consecutive period in December 2014 to February 2015. The rise in employment was enough to offset an increase in the number of unemployed. Published on 2015-03-17


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.30 8.50 1.00 percent [+]
Employed Persons 3792.30 3801.10 3807.50 2370.60 Thousand [+]
Unemployed Persons 127.50 127.30 307.70 24.90 Thousand [+]
Job Vacancies 73533.00 75357.00 127765.00 15919.00 [+]
Productivity 147.80 145.40 147.80 99.40 Index Points [+]
Labor Force Participation Rate 61.40 61.50 66.50 59.50 percent [+]
Wages 14354.00 14126.00 14354.00 10382.00 HKD/Month [+]
Wages in Manufacturing 191.10 190.70 191.10 141.80 Index Points [+]
Labour Costs 131.80 123.90 148.10 76.20 Index Points [+]
Population 7.23 7.22 7.23 3.08 Million [+]
Minimum Wages 32.50 30.00 32.50 28.00 HKD/Hour [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.20 Apr/15 6.10 10.90 4.00 percent [+]
Brazil 6.40 Apr/15 6.20 13.10 4.30 percent [+]
Canada 6.80 Apr/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/15 4.10 4.30 3.90 percent [+]
Euro Area 11.30 Mar/15 11.30 12.00 7.20 percent [+]
France 10.40 Nov/14 10.30 10.80 7.20 percent [+]
Germany 4.70 Mar/15 4.70 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 13.00 Mar/15 12.70 13.20 5.90 percent [+]
Japan 3.40 Mar/15 3.50 5.60 1.00 percent [+]
Mexico 4.31 Apr/15 3.86 5.93 2.22 percent [+]
Netherlands 7.00 Apr/15 7.00 7.90 3.60 percent [+]
Russia 5.80 Apr/15 5.90 14.10 4.80 percent [+]
South Korea 3.70 Apr/15 3.70 7.10 2.90 percent [+]
Spain 23.78 Feb/15 23.70 26.94 4.41 percent [+]
Switzerland 3.30 Apr/15 3.40 5.40 1.60 percent [+]
Turkey 11.20 Feb/15 11.30 14.80 7.30 percent [+]
United Kingdom 5.50 Mar/15 5.60 12.00 3.40 percent [+]
United States 5.40 Apr/15 5.50 10.80 2.50 percent [+]