Hong Kong Unemployment Rate Steady at 3.3%


Hong Kong's seasonally adjusted jobless rate remained unchanged at 3.3 percent in June to August 2014. The underemployment rate decreased to 1.4 percent in June - August 2014 from 1.5 percent in May - July 2014.

Comparing June - August 2014 with May - July 2014, an increase in the unemployment rate (not seasonally adjusted) was observed in the education sector while a decrease was mainly seen in the foundation and superstructure works of the construction sector. As to the underemployment rate, a decrease was mainly observed in the decoration, repair and maintenance for buildings sector.

The number of unemployed persons (not seasonally adjusted) increased by around 3 100 from 133 300 in May - July 2014 to 136 400 in June - August 2014. The number of underemployed persons decreased by around 3 300 from 57 900 in May - July 2014 to 54 600 in June - August 2014.

Total employment increased by around 18 900 from 3 771 100 in May - July 2014 to 3 790 000 in June - August 2014. Over the same period, the labour force also increased by around 22 000 from 3 904 400 to 3 926 400.

Hong Kong Unemployment Rate Steady at 3.3%


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
9/18/2014 10:18:47 AM