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

The seasonally adjusted unemployment rate in Hong Kong remained steady at 3.4 percent in three months to May of 2016, compared to the previous period, staying at the highest level since late 2013 for the second straight month. The underemployment rate was also unchanged at 1.4 percent. 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-19 08:30 AM Mar 3.4% 3.3% 3.3%
2016-05-17 08:30 AM Apr 3.4% 3.4% 3.4% 3.4%
2016-06-16 08:30 AM May 3.4% 3.4% 3.4%
2016-07-19 08:30 AM Jun 3.4%
2016-08-18 08:30 AM Jul 3.5%
2016-09-19 08:30 AM Aug 3.5%

Hong Kong Jobless Rate Unchanged at 3.4%


The seasonally adjusted unemployment rate in Hong Kong remained steady at 3.4 percent in three months to May of 2016, compared to the previous period, staying at the highest level since late 2013 for the second straight month. The underemployment rate was also unchanged at 1.4 percent.

Comparing the three months to May of 2016 with the previous period, the number of unemployed persons (not seasonally adjusted) was 134 600, about the same (134 200). The number of underemployed persons increased by around 2 600 to 55 900 in March - May 2016.

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 and the information and communications sector while decreases were mainly seen in the decoration, repair and maintenance for buildings sector and the professional and business services (excluding cleaning and similar activities) sector.

Total employment decreased by around 5 700 from 3 806 600 in February - April 2016 to 3 800 900 in March - May 2016. Over the same period, the labour force also decreased by around 5 300 from 3 940 800 to 3 935 500.

On the short-term outlook, noting that the employment outlook remains clouded by the highly uncertain external environment and slackened local consumption market, Mr Cheung said, "In light of the envisaged boost to labour supply from the entry of fresh graduates and school leavers in the coming months, we will stay vigilant and closely monitor developments."


Census and Statistics Department | Mojdeh Kazemi | mojdeh@tradingeconomics.com
6/16/2016 10:35:14 AM

Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.40 8.50 1.00 percent [+]
Employed Persons 3800.90 3806.60 3816.40 2370.60 Thousand [+]
Unemployed Persons 134.60 134.20 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.10 61.20 66.50 59.50 percent [+]
Labour Costs 137.40 129.60 148.70 76.20 Index Points [+]
Productivity 153.70 148.30 153.70 99.40 Index Points [+]
Job Vacancies 70301.00 71241.00 127765.00 15919.00 [+]
Wages 15126.00 14877.00 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 5.10 5.50 10.40 1.90 percent [+]




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