Hong Kong Jobless Rate Steady At 3.3%

The seasonally adjusted unemployment rate in Hong Kong stood at 3.3 percent in the three months to December 2016, the same as in the previous month. The underemployment rate remained unchanged at 1.4 percent for the tenth straight period.

On a non-seasonally adjusted basis, the number of underemployed persons fell by 300 to 54,400 and unemployed persons declined by around 8,600 to 122,000. Decreases in the unemployment rate were mainly seen in the information and communications sector and in the import and export trade sector. As to the underemployment rate, a decrease was mainly observed in the decoration, repair and maintenance for buildings sector while a increase was mainly seen in the education sector.   

Employment increased by 10,700 to 3,817,000 and the labour force rose by 2,200 to 3,939,100.

On the short-term outlook, the Secretary for Labour and Welfare said that "while the labour market can be expected to remain generally tight in the near term, the potential repercussions of various external uncertainties on the local economy remain a cause for concern". 

Hong Kong Jobless Rate Steady At 3.3%

Census and Statistics Department | Deborah Neves | deborah.neves@tradingeconomics.com
1/19/2017 9:31:09 AM