Hong Kong Jobless Rate Steady at 3.0%

The seasonally adjusted unemployment rate in Hong Kong remained unchanged at 3.0 percent in the three months to November of 2017. The number of unemployed and underemployed persons declined and employment slightly increased while the labour force fell.

Comparing to the previous three-month period, the number of unemployed persons decreased by about 5 800 to 117,800 in September-November 2017; and the number of underemployed persons declined by around 2,600 to 41,600, mainly in the construction sector.

Meantime, total employment increased by 3,200 to 3.840 million in the three months to November, and the labour force fell by around 2,700 to 3.958 million.

On the short-term outlook, "Labour market conditions will likely remain tight in the near term given the generally favourable macroeconomic environment. This notwithstanding, we will stay tuned to various uncertainties in the external environment and developments in the local labour market.", the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.

Hong Kong Jobless Rate Steady at 3.0%

Census and Statistics Department | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/18/2017 11:41:52 AM