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 February 2017, the same as in the previous period. The underemployment rate decreased to 1.2 percent from 1.3 percent in November 2016 - January 2017. 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)
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% 3.3%
2017-04-21 08:30 AM Mar 3.3% 3.3%
2017-05-19 08:30 AM Apr 3.4%
2017-06-20 08:30 AM May 3.4%




Hong Kong Unemployment Rate Steady At 3.3%


The seasonally adjusted unemployment rate in Hong Kong stood at 3.3 percent in the three months to February 2017, the same as in the previous period. The underemployment rate decreased to 1.2 percent from 1.3 percent in November 2016 - January 2017. The jobless rate benefited from the relative improvement of inbound tourism and in more buoyant business activities during the festive period.

On a non-seasonally adjusted basis, an increase was mainly seen in the decoration, repair and maintenance for buildings sector while a decrease was mainly seen in the real estate sector. The number of unemployed persons fell by around 1.7 thousand to 119.4 thousand and employment rose by 15 thousand to 3.82 million. Also, the labour force increased by 13.3 thousand to 3.94 million.

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

Statistics of Hong Kong | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/16/2017 1:29:26 PM



Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.30 8.50 1.00 percent [+]
Employed Persons 3824.40 3831.10 3831.10 2370.60 Thousand [+]
Unemployed Persons 119.40 119.20 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.20 61.10 66.50 59.50 percent [+]
Labour Costs 134.60 135.90 154.60 12.30 Index Points [+]
Productivity 155.20 153.70 155.20 99.40 Index Points [+]
Job Vacancies 67141.00 69341.00 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 5.50 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 March 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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North Korea 4.10 Dec/14
China 4.02 Dec/16
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