Hong Kong Unemployment Rate

Unemployment Rate in Hong Kong increased to 3.20 percent in June of 2014 from 3.10 percent in May 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.

   
 
  LIST  
 EXPORT DATA  API

Hong Kong Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.10 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.


Hong Kong Unemployment Rate Up to 3.2%


Hong Kong seasonally adjusted jobless rate edged up by 0.1 percentage point to 3.2 percent in April to June 2014, after remaining unchanged at 3.1 percent for five consecutive months. However, employment sustained mild year-on-year growth and stayed close to its historical high.

The number of unemployed persons (not seasonally adjusted) increased by around 5 300 from 120 900 in March - May 2014 to 126 200 in April - June 2014. Over the same period, the number of underemployed persons decreased by around 1 800 to 58 000. 

Comparing April - June 2014 with the previous period, an increase in the unemployment rate (not seasonally adjusted) was mainly observed in the cleaning and similar activities sector. As to the underemployment rate, an increase was mainly observed in the decoration, repair and maintenance for buildings sector while decreases were seen in the foundation and superstructure works of the construction sector, and the food and beverage service activities sector.

Total employment increased by around 4 800 from 3 743 800 in March - May 2014 to 3 748 600 in April - June 2014. Over the same period, the labour force also increased by around 10 100 from 3 864 700 to 3 874 800.

On the short-term outlook, the Secretary for Labour and Welfare said that while the overall unemployment rate has stayed at a relatively low level lately, the recent deceleration in the local consumption market, as well as the increased labour supply from the new batch of fresh graduates and school leavers, may progressively pose some pressure on the labour market. 

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
7/17/2014 10:27:41 AM


Recent Releases

Hong Kong Unemployment Rate Unchanged in May
Hong Kong seasonally adjusted jobless rate was 3.1 percent for the fifth consecutive period in March to May of 2014, the lowest rate in sixteen years. Total employment was near the record high, reflecting the persistent tightness in the labor market. Published on 2014-06-17

Hong Kong Unemployment Rate Steady at 3.1%
Hong Kong seasonally adjusted jobless rate was unchanged at 3.1 percent in February to April of 2014, remaining at a 16-year low for the fourth consecutive month. Published on 2014-05-19


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-22 09:30 AM Hong Kong
Unemployment Rate
Mar 2014 3.1% 3.1% 3.1%
2014-05-19 09:30 AM Hong Kong
Unemployment Rate
Apr 2014 3.1% 3.1% 3.1%
2014-06-17 09:30 AM Hong Kong
Unemployment Rate
May 2014 3.1% 3.1% 3.1% 3.1%
2014-07-17 09:30 AM Hong Kong
Unemployment Rate
Jun 2014 3.2% 3.1% 3.1% 3.1%
2014-08-18 09:30 AM Hong Kong
Unemployment Rate
Jul 2014 3.2% 3%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.10 8.50 1.00 Percent [+]
Employed Persons 3748.60 3743.80 3764.80 2370.60 Thousand [+]
Unemployed Persons 126.20 120.90 307.70 24.90 Thousand [+]
Job Vacancies 77788.00 72382.00 127765.00 15919.00 [+]
Productivity 145.50 144.50 145.50 99.40 Index Points [+]
Labor Force Participation Rate 61.00 60.70 66.50 59.50 Percent [+]
Wages 196.70 195.20 196.70 144.80 Index Points [+]
Wages in Manufacturing 185.20 180.90 185.20 141.80 Index Points [+]
Labour Costs 123.70 129.30 148.10 76.20 Index Points [+]
Population 7.22 7.17 7.22 3.08 Million [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News