Hong Kong Unemployment Rate  1981-2016 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong came in at 3.4 percent in three months to July of 2016, unchanged from the previous period and remaining at the highest level since 2013 for the fifth consecutive month. The underemployment rate was also steady at 1.4 percent in the two periods. Unemployment Rate in Hong Kong averaged 3.71 percent from 1981 until 2016, 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.

Hong Kong Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.40 8.50 1.00 1981 - 2016 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 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-16 08:30 AM May 3.4% 3.4% 3.4%
2016-07-19 08:30 AM Jun 3.4% 3.4% 3.4%
2016-08-18 08:30 AM Jul 3.4% 3.4% 3.5%
2016-09-19 08:30 AM Aug 3.4% 3.4%
2016-10-18 08:30 AM Sep 3.4%
2016-11-17 08:30 AM Oct 3.5%

Hong Kong's Jobless Rate Unchanged at 3.4%


The seasonally adjusted unemployment rate in Hong Kong came in at 3.4 percent in three months to July of 2016, unchanged from the previous period and remaining at the highest level since 2013 for the fourth consecutive month. The underemployment rate was also steady at 1.4 percent in the two periods.

Comparing the three months to July of 2016 with the previous period, unemployed persons (not seasonally adjusted) increased by around 2 700 to 138 800. Over the same period, the number of underemployed persons also increased by around 1 400 to 55 500.

Movements in the unemployment rate (not seasonally adjusted) in different industry sectors varied. Increases were mainly seen in the warehousing and support activities for transportation sector while a decrease was mainly seen in the construction sector. As to the underemployment rate, an increase was mainly observed in the construction sector while a decrease was mainly seen in the information and communications sector. 

Total employment increased by around 4 300 from 3 807 100 in April - June 2016 to 3 811 400 in May - July 2016. Over the same period, the labour force also increased by around 7 100 to 3 950 300.

The near-term employment outlook is still clouded by the lingering external headwinds and their potential repercussions on local business sentiment. The easing trend in labour demand across a number of sectors remains a cause for concern.

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/18/2016 9:57:32 AM

Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.40 8.50 1.00 percent [+]
Employed Persons 3811.40 3807.10 3816.40 2370.60 Thousand [+]
Unemployed Persons 138.80 136.10 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.30 61.20 66.50 59.50 percent [+]
Labour Costs 154.60 137.40 154.60 76.20 Index Points [+]
Productivity 155.20 153.70 155.20 99.40 Index Points [+]
Job Vacancies 70301.00 71241.00 127765.00 15919.00 [+]
Wages 15055.00 15126.00 15126.00 10382.00 HKD/Month [+]
Wages in Manufacturing 200.00 199.10 200.00 141.80 Index Points [+]
Minimum Wages 32.50 30.00 32.50 28.00 HKD/Hour [+]
Population 7.30 7.23 7.30 3.08 Million [+]
Retirement Age Men 65.00 60.00 65.00 60.00 [+]
Retirement Age Women 65.00 60.00 65.00 60.00 [+]
Youth Unemployment Rate 6.60 5.90 10.40 1.90 percent [+]




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