Hong Kong Jobless Rate Unchanged at 2.8%

The seasonally adjusted unemployment rate in Hong Kong was unchanged at 2.8 percent in the three months to June of 2018, the same as in the previous period. It remained the lowest rate since 1998.
Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com 7/19/2018 9:00:10 AM
On a non-seasonally adjusted basis, the number of unemployed persons edged up by 100 to 112,400 in April - June 2018 when compared with the previous period, and the number of underemployed increased by around 400 to 41,400. The unemployment situation continued to improve for most of the main service sectors, particularly in the trade and tourism-related industries such as foreign trade, retail trade and accommodation services.

Meantime, total employment in April – June of 2018 went up by 4,900 persons to 3,869,800 and the labour force rose by around 5,000 to 3,982,200 persons.

Looking ahead, "In the near term, the overall labour market is expected to remain tight on the back of a vibrant local economy. Yet, we will stay vigilant to the evolving external uncertainties and monitor their potential impact on the local labour market closely" the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.

Hong Kong Jobless Rate Unchanged at 2.8%