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

Unemployment Rate in Hong Kong remained unchanged at 3.20 percent in May of 2015 from 3.20 percent in April 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. Content for - Hong Kong Unemployment Rate - was last refreshed on Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-23 09:30 AM Mar 3.3% 3.3% 3.3% 3.3%
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% 3.3%
2015-08-18 09:30 AM Jul 3.3%
2015-09-17 09:30 AM Aug 3.3%


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.

The number of unemployed persons (not seasonally adjusted) in March - May 2015 was 127 700, about the same as that in February - April 2015 (127 500). Over the same period, the number of underemployed persons increased by around 3 500 from 49 400 to 52 900.

The unemployment rate (not seasonally adjusted) increased in the wholesale sector while a decrease was mainly seen in the decoration, repair and maintenance for buildings sector. As to the underemployment rate, an increase was mainly observed in the construction sector.

Total employment decreased by around 12 200 from 3 792 300 in February - April 2015 to 3 780 100 in March - May 2015. Over the same period, the labour force also decreased by around 12 100 from 3 919 800 to 3 907 700.

On the short-term outlook, the Secretary for Labour and Welfare said "Although the labour market stayed resilient recently, the near-term employment outlook remains clouded by the highly uncertain external environment as well as the sluggish performance of the retail and other tourism-related sectors. We will continue to stay vigilant and closely monitor development, in particular the employment situation of those at the grassroots level."

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
6/18/2015 10:17:44 AM


Recent Releases

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 Unemployment Rate Unchanged at 3.3%
Hong Kong seasonally adjusted jobless rate remained steady at 3.3 percent for the seventh consecutive period in November 2014 to January 2015. Both employment and labour force grew modestly while unemployment decreased.
Published on 2015-02-17


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.20 8.50 1.00 percent [+]
Employed Persons 3780.10 3792.30 3807.50 2370.60 Thousand [+]
Unemployed Persons 127.70 127.50 307.70 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 61.20 61.40 66.50 59.50 percent [+]
Wages 14354.00 14126.00 14354.00 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 May/15 6.10 10.90 4.00 percent [+]
Brazil 6.70 May/15 6.40 13.10 4.30 percent [+]
Canada 6.80 May/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/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 4.45 May/15 4.31 5.93 2.22 percent [+]
Netherlands 6.90 May/15 7.00 7.90 3.60 percent [+]
Russia 5.60 May/15 5.80 14.10 4.80 percent [+]
South Korea 3.90 May/15 3.70 7.10 2.90 percent [+]
Spain 23.78 Mar/15 23.70 26.94 4.41 percent [+]
Switzerland 3.20 May/15 3.30 5.40 1.60 percent [+]
Turkey 10.60 Mar/15 11.20 14.80 7.30 percent [+]
United Kingdom 5.50 Apr/15 5.50 12.00 3.40 percent [+]
United States 5.30 Jun/15 5.50 10.80 2.50 percent [+]