Hong Kong’s seasonally adjusted unemployment rate fell to 4.1 percent in the three months ending August of 2022, from 4.3 percent in the previous three-month period. It was the lowest jobless rate since the three months to January period, as the labour market continued to improve alongside the revival of domestic economic activities, partly supported by the Phase II Consumption Voucher Scheme. The number of unemployed persons decreased by 6,300 to 161,900, and the number of workers went up by 16,200 to 3,609,300. Unemployment fell in almost all sectors, primarily in the decoration, repair and maintenance for buildings sector; and arts, entertainment and recreation sector. source: Census and Statistics Department, Hong Kong

Unemployment Rate in Hong Kong averaged 3.75 percent from 1981 until 2022, 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 September of 2022.

Unemployment Rate in Hong Kong is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Unemployment Rate is projected to trend around 3.90 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Hong Kong Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-17 08:30 AM Jul 4.3% 4.7% 4.7%
2022-09-19 08:30 AM Aug 4.1% 4.3% 4.4%
2022-10-20 08:30 AM Sep 4.1%


Related Last Previous Unit Reference
Unemployment Rate 4.10 4.30 percent Aug 2022
Employed Persons 3609.30 3593.10 Thousand Aug 2022
Unemployed Persons 161.90 168.20 Thousand Aug 2022
Labor Force Participation Rate 58.60 58.50 percent Aug 2022
Productivity 110.20 107.40 points Dec 2021
Job Vacancies 62498.00 53696.00 Jun 2022
Wages 17146.00 17216.00 HKD/Month Mar 2022
Wages in Manufacturing 15648.00 15761.00 HKD/Month Mar 2022
Population 7.47 7.50 Million Dec 2020
Youth Unemployment Rate 7.50 7.40 percent Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.30 8.50 1.00 1981 - 2022 percent Monthly
SA

News Stream
Hong Kong Jobless Rate Drops to 4.1%
Hong Kong’s seasonally adjusted unemployment rate fell to 4.1 percent in the three months ending August of 2022, from 4.3 percent in the previous three-month period. It was the lowest jobless rate since the three months to January period, as the labour market continued to improve alongside the revival of domestic economic activities, partly supported by the Phase II Consumption Voucher Scheme. The number of unemployed persons decreased by 6,300 to 161,900, and the number of workers went up by 16,200 to 3,609,300. Unemployment fell in almost all sectors, primarily in the decoration, repair and maintenance for buildings sector; and arts, entertainment and recreation sector.
2022-09-19
Hong Kong Jobless Rate Falls to 4.3%
Hong Kong’s seasonally adjusted unemployment rate fell to 4.3 percent in the three months ending July 2022, from 4.7 percent in the previous three-month period. It was the lowest jobless rate since the three months to January period, as domestic economic activities continued to revive, helped by the 2022 Employment Support Scheme and the improvement of the local pandemic situation. The number of unemployed persons decreased by 10,400 to 168,200, and the number of workers went up by 21,600 to 3,593,100. Unemployment fell in all sectors, notably in the decoration, repair, and maintenance for buildings sector; retail, accommodation, and food services sector; transportation sector; and arts, entertainment, and recreation sectors.
2022-08-17
Hong Kong Jobless Rate at 4-Month Low
Hong Kong’s seasonally adjusted unemployment rate fell to 4.7 percent in the second quarter of 2022, from 5.1 percent in the three months ending May. It was the lowest jobless rate since the three months to February, reflecting a continued improvement of the local pandemic situation and further relaxation of social distancing restrictions. The number of unemployed persons decreased by 12,800 to 178,600 and the number of workers went up by 17,800 to 3,571,600. Unemployment fell in all sectors, more notably in the construction; retail, accommodation, and food services; and arts, entertainment, and recreation sectors.
2022-07-19