Hong Kong's seasonally adjusted unemployment rate fell to 5.5 percent in the April to June period of 2021, the lowest since the quarter ending April of 2020, as the economy continued to recover alongside a receding local epidemic and improving external conditions. On a non-seasonally adjusted basis, the number of unemployed persons declined by 20,200 to 213,100 and those employed increased by 9,700 to 3.640 million. Unemployment levels decreased in all the major economic sectors, more distinctly in the construction; international trade & wholesale sectors; retail; accommodation & food services; and arts, entertainment & recreation sectors. Looking ahead, the Secretary of Labour and Welfare said the labor market should improve further with the economic recovery, partly supported by the Consumption Voucher Scheme and the continued participation of the community in the vaccination program. source: Census and Statistics Department, Hong Kong

Unemployment Rate in Hong Kong averaged 3.73 percent from 1981 until 2021, reaching an all time high of 8.50 percent in June of 2003 and a record low of 1 percent in July of 1989. This page provides the latest reported value for - Hong Kong Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Unemployment Rate in Hong Kong is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hong Kong to stand at 5.50 in 12 months time. In the long-term, the Hong Kong Unemployment Rate is projected to trend around 6.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Hong Kong Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.50 6.00 8.50 1.00 1981 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-22 08:30 AM Mar 6.8% 7.2% 7%
2021-05-20 08:30 AM Apr 6.4% 6.8% 6.6%
2021-06-17 08:30 AM May 6% 6.4% 6.4%
2021-07-20 08:30 AM Jun 5.5% 6% 6%
2021-08-18 08:30 AM Jul 5.5%
2021-09-16 08:30 AM Aug
2021-10-21 08:30 AM Sep
2021-11-16 08:30 AM Oct


News Stream
Hong Kong Jobless Rate Retreats to 14-Month Low
Hong Kong's seasonally adjusted unemployment rate fell to 5.5 percent in the April to June period of 2021, the lowest since the quarter ending April of 2020, as the economy continued to recover alongside a receding local epidemic and improving external conditions. On a non-seasonally adjusted basis, the number of unemployed persons declined by 20,200 to 213,100 and those employed increased by 9,700 to 3.640 million. Unemployment levels decreased in all the major economic sectors, more distinctly in the construction; international trade & wholesale sectors; retail; accommodation & food services; and arts, entertainment & recreation sectors. Looking ahead, the Secretary of Labour and Welfare said the labor market should improve further with the economic recovery, partly supported by the Consumption Voucher Scheme and the continued participation of the community in the vaccination program.
2021-07-20
Hong Kong Jobless Rate Falls to 1-Year Low
Hong Kong's seasonally adjusted unemployment rate retreated to 6.0 percent in the March to May period of 2021, the lowest since the same period of 2020, amid the economic recovery and the receding local epidemic. On a non-seasonally adjusted basis, the number of unemployed persons declined by 14,200 to 233,300 and those employed increased by 8,400 to 3.630 million. Unemployment levels decreased in all the major economic sectors, more distinctly in the construction, retail, accommodation, and food sectors. Looking ahead, the Secretary of Labour and Welfare said the recovery will be uneven across sectors and the evolution of the global pandemic remained a key factor of uncertainty, yet the pressures on the labour market should ease gradually as the economy recovers.
2021-06-17
Hong Kong Jobless Rate at 5-Month Low
Hong Kong's seasonally adjusted unemployment rate eased to 6.4 percent in the February to April 2021 period, the lowest since the quarter ending November 2020, as the local epidemic continued to recede. On a non-seasonally adjusted basis, the number of unemployed persons declined by 12,300 to 247,500 and those employed increased by 7,900 to 3.622 million, while the labor force shrank by roughly 4,400 to 3.870 million. Unemployment levels decreased in many major economic sectors, in particular, the combined jobless rate in the consumption and tourism related industries fell by 0.8 pp to 9.9 percent. Looking ahead, the Secretary of Labour and Welfare said the labor market will take time to visibly recover, as revenues of labor-intensive sectors were still well below pre-pandemic levels, and the recovery would continue to rely on the success of the vaccination program and the community’s efforts to contain the pandemic.
2021-05-20
Hong Kong Jobless Rate Retreats to 6.8%
Hong Kong's seasonally adjusted unemployment rate retreated to 6.8 percent in the January 2020-March 2021 period, the lowest since the quarter ending December 2020, as the pandemic receded towards the end of the quarter. On a non-seasonally adjusted basis, the number of unemployed persons declined by 1,800 to 259,800 and those employed increased by 4,000 to 3.614 million. Meantime, the labor force expanded by around 2,200 to 3.873 million. Unemployment levels decreased in many major economic sectors, more distinctly in the retail, accommodation and food services sector, and the human health activities sector. Looking ahead, the Secretary of Labour and Welfare warned of the uneven outlook across sectors and the challenges the tourism industry still faces in the coming months.
2021-04-22

Hong Kong Unemployment Rate
In Hong Kong, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.