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

Unemployment Rate in Hong Kong remained unchanged at 3.20 percent in June from 3.20 percent in May 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 3.20 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 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. Content for - Hong Kong Unemployment Rate - was last refreshed on Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-19 09:30 AM Apr 3.2% 3.3% 3.3%
2015-06-18 09:30 AM May 3.2% 3.2% 3.2%
2015-07-20 09:30 AM Jun 3.2% 3.2% 3.2%
2015-08-18 09:30 AM Jul 3.2% 3.3%
2015-09-17 09:30 AM Aug 3.3%
2015-10-19 09:30 AM Sep 3.3%


Hong Kong Unemployment Rate Unchanged at 3.2%


Hong Kong seasonally adjusted unemployment rate was stable at 3.2 percent in April to June 2015, compared with previous period. While employment rose at a faster pace than unemployment, the labour force increased due to new fresh graduates.

The number of unemployed persons (not seasonally adjusted) in April - June 2015  increased by around 2 200 to 129 900 from March - May 2015 (127 700). Over the same period, the number of underemployed persons increased by around 2 700 from 52 900 to 55 600.

The unemployment rate (not seasonally adjusted) increased in the information and communications 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.

Total employment increased by around 11 500 from 3 780 100 in March - May 2015 to 3 791 600 in April - June 2015. Over the same period, the labour force also increased by around 13 800 from 3 907 700 to 3 921 500.

On the short-term outlook, the Secretary for Labour and Welfare said "With the entry of fresh graduates and school leavers into the labour force during summer, the labour supply is likely to increase in the near term. Meanwhile, the job and income prospects of consumption-related sectors will continue to hinge on the performance of inbound tourism. We will keep monitoring development closely, in particular the employment situation of grassroots employees in the sectors concerned."

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/20/2015 10:29:51 AM


Recent Releases

Hong Kong Unemployment Rate Steady at 3.2%
Hong Kong seasonally adjusted unemployment rate was stable at 3.2 percent in March to May 2015. While the number of unemployed persons was marginally unchanged, employment fell.
Published on 2015-06-18

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.
Published on 2015-05-19

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 3.20 8.50 1.00 percent [+]
Employed Persons 3791.60 3780.10 3807.50 2370.60 Thousand [+]
Unemployed Persons 129.90 127.70 307.70 24.90 Thousand [+]
Job Vacancies 78069.00 73533.00 127765.00 15919.00 [+]
Productivity 153.00 148.30 153.00 99.40 Index Points [+]
Labor Force Participation Rate 61.40 61.20 66.50 59.50 percent [+]
Wages 14511.00 14569.00 14569.00 10382.00 HKD/Month [+]
Wages in Manufacturing 193.30 191.10 193.30 141.80 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 6.00 Jun/15 5.90 10.90 4.00 percent [+]
Brazil 6.90 Jun/15 6.70 13.10 4.30 percent [+]
Canada 6.80 Jun/15 6.80 13.10 2.90 percent [+]
China 4.04 Jun/15 4.10 4.30 3.90 percent [+]
Euro Area 11.10 May/15 11.10 12.10 7.20 percent [+]
France 10.30 Mar/15 10.40 10.80 7.20 percent [+]
Germany 4.70 May/15 4.70 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.81 Mar/15 5.94 11.24 2.00 percent [+]
Italy 12.40 May/15 12.40 13.20 5.90 percent [+]
Japan 3.30 May/15 3.30 5.60 1.00 percent [+]
Mexico 4.41 Jun/15 4.45 5.93 2.22 percent [+]
Netherlands 6.90 Jun/15 6.90 7.90 3.60 percent [+]
Russia 5.40 Jun/15 5.60 14.10 4.80 percent [+]
South Korea 3.90 Jun/15 3.90 7.10 2.90 percent [+]
Spain 22.37 Jun/15 23.78 26.94 4.41 percent [+]
Switzerland 3.10 Jun/15 3.20 5.40 1.60 percent [+]
Turkey 9.60 Apr/15 10.60 14.80 7.30 percent [+]
United Kingdom 5.60 May/15 5.50 12.00 3.40 percent [+]
United States 5.30 Jun/15 5.50 10.80 2.50 percent [+]