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.

Comparing November 2014 - January 2015 with October - December 2014, movements in the unemployment rate (not seasonally adjusted) in various industry sectors varied. Increases were mainly observed in the wholesale, accommodation services, and food and beverage service activities sectors, while decreases were mainly seen in the foundation and superstructure works of the construction sector, the transportation sector and the repair, laundry, domestic and other personal service activities sector. As to the underemployment rate, an increase was mainly observed in the foundation and superstructure works of the construction sector while decreases were mainly seen in the warehousing and support activities for transportation sector and the food and beverage service activities sector.

Total employment in November 2014 - January 2015 increased by around 4 600 from 3 797 200 in October - December 2014 to 3 801 800 in November 2014 - January 2015. Over the same period, the labour force also increased by around 2 800 from 3 919 400 to 3 922 200.

The number of unemployed persons (not seasonally adjusted) decreased by around 1 600 from 122 100 in October - December 2014 to 120 500 in November 2014 - January 2015. Over the same period, the number of underemployed persons in November 2014 - January 2015 was 62 200, about the same as 62 700 in October - December 2014.

Hong Kong Unemployment Rate Unchanged at 3.3%


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
2/17/2015 9:10:53 AM