Hong Kong Jobless Rate Steady at 3.3%

Hong Kong seasonally adjusted unemployment rate remained unchanged for the fifth consecutive time at 3.3 percent in the three months to November 2015, as widely expected, while the underemployment rate decreased to 1.3 percent from 1.4 percent in the precedent period. Unemployment fell slightly while total employment remained unchanged.
Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com 12/17/2015 10:22:58 AM
Comparing September - November 2015 with August - October 2015, movements in the unemployment rate (not seasonally adjusted) in different industry sectors varied. An increase was mainly seen in the accommodation services sector while a decrease was mainly seen in the arts, entertainment and recreation sector. As to the underemployment rate, a decrease was mainly seen in the foundation and superstructure works of the construction sector.

The number of unemployed persons (not seasonally adjusted) decreased by around 3 200 from 132 300 in August - October 2015 to 129 100 in September - November 2015. Over the same period, the number of underemployed persons also decreased by around 1 100 from 53 600 to 52 500.

Total employment in September - November 2015 was 3 790 600, about the same as that in August - October 2015 (3 789 900). Over the same period, the labour force decreased by around 2 500 from 3 922 200 to 3 919 700.

Hong Kong Jobless Rate Steady at 3.3%