Hong Kong Unemployment Rate

Unemployment Rate in Hong Kong remained unchanged at 3.10 percent in February of 2014 from 3.10 percent in January of 2014. Unemployment Rate in Hong Kong is reported by the Census and Statistics Department, Hong Kong. Unemployment Rate in Hong Kong averaged 3.74 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. 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.10 3.10 8.50 1.00 3.10 | 2014/03 1981 - 2014 Percent Monthly

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Hong Kong Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-17 08:30 AM Hong Kong
Unemployment Rate
Nov 2013 3.3% 3.3% 3.3% 3.3%
2014-01-20 08:30 AM Hong Kong
Unemployment Rate
Dec 2013 3.2% 3.3% 3.3% 3.2%
2014-02-18 08:30 AM Hong Kong
Unemployment Rate
Jan 2014 3.1% 3.2% 3.2% 3.1%
2014-03-17 08:30 AM Hong Kong
Unemployment Rate
Feb 2014 3.1% 3.1% 3.1%
2014-04-22 09:30 AM Hong Kong
Unemployment Rate
Mar 2014 3.1% 3.1%
2014-05-19 09:30 AM Hong Kong
Unemployment Rate
Apr 2014 3.1%
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Labour Last Previous Highest Lowest Forecast Unit
Population 7.22 2013-12-31 7.17 7.22 3.08 7.25 2014-06-30 Million [+]
Unemployment Rate 3.10 2014-02-15 3.10 8.50 1.00 3.10 2014-03-31 Percent [+]
Employed Persons 3731.90 2014-02-15 3764.80 3764.80 2370.60 3717.61 2014-03-31 Thousand [+]
Job Vacancies 72382.00 2013-12-31 78299.00 127765.00 15919.00 78161.78 2014-03-31 [+]
Labour Costs 129.30 2013-08-15 129.70 148.10 76.20 131.92 2013-12-31 Index Points [+]
Labor Force Participation Rate 60.70 2014-02-15 61.20 66.50 59.50 61.10 2014-03-31 Percent [+]
Productivity 145.50 2012-06-29 144.50 145.50 99.40 145.75 2012-12-31 Index Points [+]
Unemployed Persons 112.50 2014-02-15 112.90 307.70 24.90 116.77 2014-03-31 Thousand [+]
Wages 195.20 2013-11-15 194.60 195.20 144.80 197.64 2014-03-31 Index Points [+]
Wages in Manufacturing 180.90 2013-11-15 182.30 182.30 141.80 185.37 2014-03-31 Index Points [+]
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Hong Kong Unemployment Rate Stable at 3.1%

In the period December of 2013 - February of 2014, Hong Kong jobless rate remained unchanged at a 16-year low 3.1 percent. Total employment declined from its historic high, as business activities returned to a more normal level after its peak in Lunar New Year.

The number of unemployed persons (not seasonally adjusted) in December of 2013 - February of 2014 was 112,500, about the same as 112 900 in November of 2013 - January of 2014.  Over the same period, the number of underemployed persons decreased from 51,500 to 46,900.

Unemployment rate for youths aged 15-24 went down from 7.5 percent to 7.2 percent (with around 22,500 unemployed).

Total employment declined from 3.76 million to 3.73 million and labor force also decreased by 3.87 million to 3.84 million.

Census and Statistics Department | Isabel Felino | isabel.felino@tradingeconomics.com
3/17/2014 10:43:01 AM

RECENT RELEASES

Hong Kong Unemployment Rate Edges Down in January
The seasonally adjusted unemployment rate decreased from 3.2 percent in October - December 2013 to 3.1 percent in November 2013 - January 2014. It is the lowest jobless rate in almost 16 years, as total employment hit a fresh new high due to the Lunar New Year, while the number of unemployed persons declined for the fifth consecutive month. Published on 2014-02-18

Hong Kong Unemployment Rate Falls to 16-Month Low
In December of 2013, Hong Kong’s jobless rate fell to 3.2 percent, the lowest rate since August of 2012. For 2013 as a whole, both the labor force and total employment expanded at a provisional 2.3 percent and unemployment held steady at 3.3 percent. Published on 2014-01-20


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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