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

Unemployment Rate in Hong Kong remained unchanged at 3.30 percent in December of 2014 from 3.30 percent in November 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.

      Forecast    
Hong Kong Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.30 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 Monday, January 26, 2015.


Hong Kong Jobless Rate Stable at 3.3%


Hong Kong seasonally adjusted unemployment rate remained steady at 3.3 percent for the sixth straight period in October to December 2014. Both total employment and the labor force kept growing moderately over a year earlier.

Comparing October - December 2014 with September - November 2014, increases in the unemployment rate (not seasonally adjusted) were observed in the information and communications, and real estate sectors, while decreases were seen in the retail, and food and beverages service sector. As to the underemployment rate, increases were observed in the decoration, repair and maintenance for buildings sector while a decrease was seen in the cleaning and similar activities sector.

The number of unemployed persons (not seasonally adjusted) decreased by around 4 300 from 126 400 in September - November 2014 to 122 100 in October - December 2014. Over the same period, the number of underemployed persons increased by around 600 from 62 q00 to 62 700. 

Total employment in October - December 2014 increased by around 17 800 from 3 779 400 in September-November 2014 to 3 797 200 in October-December 2014. Over the same period, the labor force also increased by around 13 500 from 3 905 900 to 3 919 400.

The Secretary for Labor and Welfare said, "the end of the 'Occupy Movement', the usually more vibrant business activity in the run-up to Christmas, together with the more stable consumer sentiment and notable growth in inbound tourism conceivably rendered support for the employment market."

For full year of 2014, the Secreatary added, both the labor force and total employment grew further by 0.7 percent and 0.9 percent respectively. Meanwhile, the annual unemployment rate edged down from 3.4 percent in 2013 to 3.2 percent in 2014.

Census and Statistics Department l Rida Husna l rida@tradingeconomics.com
1/19/2015 9:10:25 AM


Recent Releases

Hong Kong Unemployment Rate at 3.3%
Hong Kong seasonally adjusted jobless rate remained steady at 3.3 percent for the fifth straight period in September to November 2014. While employment was marginally unchanged, the labor force decreased. Published on 2014-12-18

Hong Kong Unemployment Rate Stable at 3.3%
Hong Kong seasonally adjusted jobless rate was recorded at 3.3 percent for the fourth consecutive period in August to October 2014. The underemployment rate was also steady at 1.5 percent. Published on 2014-11-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-17 08:30 AM
Unemployment Rate  Oct
3.3% 3.3% 3.3%
2014-12-18 08:30 AM
Unemployment Rate  Nov
3.3% 3.3% 3.3% 3.2%
2015-01-19 08:30 AM
Unemployment Rate  Dec
3.3% 3.3% 3.3%
2015-02-17 08:30 AM
Unemployment Rate  Jan
3.3% 3.3%
2015-03-17 08:30 AM
Unemployment Rate  Feb
3.4%
2015-04-23 09:30 AM
Unemployment Rate  Mar
3.4%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.30 8.50 1.00 percent [+]
Employed Persons 3797.20 3779.40 3797.20 2370.60 Thousand [+]
Unemployed Persons 122.10 126.40 307.70 24.90 Thousand [+]
Job Vacancies 75357.00 79724.00 127765.00 15919.00 [+]
Productivity 147.80 145.40 147.80 99.40 Index Points [+]
Labor Force Participation Rate 61.50 61.30 66.50 59.50 percent [+]
Wages 14126.00 13912.00 14126.00 10382.00 HKD [+]
Wages in Manufacturing 190.70 189.70 190.70 141.80 Index Points [+]
Labour Costs 124.40 140.00 148.10 76.20 Index Points [+]
Population 7.22 7.17 7.22 3.08 Million [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.10 Dec/14 6.20 10.90 4.00 percent [+]
Brazil 4.80 Nov/14 4.70 13.10 4.30 percent [+]
Canada 6.60 Dec/14 6.60 13.10 2.90 percent [+]
China 4.10 Nov/14 4.10 4.30 3.90 percent [+]
Euro Area 11.50 Nov/14 11.50 12.00 7.20 percent [+]
France 10.40 Aug/14 10.10 10.80 7.20 percent [+]
Germany 5.00 Nov/14 5.00 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 13.40 Nov/14 13.30 13.40 5.90 percent [+]
Japan 3.50 Nov/14 3.50 5.60 1.00 percent [+]
Mexico 3.76 Dec/14 4.53 5.93 2.22 percent [+]
Netherlands 8.10 Dec/14 8.00 8.80 3.40 percent [+]
Russia 5.20 Nov/14 5.10 14.10 4.80 percent [+]
South Korea 3.50 Dec/14 3.40 7.10 2.90 percent [+]
Spain 23.70 Nov/14 23.67 26.94 4.41 percent [+]
Switzerland 3.40 Dec/14 3.20 5.40 1.60 percent [+]
Turkey 10.40 Oct/14 10.50 16.10 8.00 percent [+]
United Kingdom 5.80 Nov/14 6.00 12.00 3.40 percent [+]
United States 5.60 Dec/14 5.80 10.80 2.50 percent [+]