Hong Kong Unemployment Rate Remains at 3.4%


The seasonally adjusted unemployment rate in Hong Kong came in at 3.4 percent in three months to October of 2016, the same as in the previous seven periods. The underemployment rate was also steady at 1.4 percent.

Compared to the three months to September, the number of unemployed persons (not seasonally adjusted) decreased by around 4 500 to 136 100 and the number of underemployed was 55 300, about the same as in July - September. Increases were seen in the repair, laundry, domestic and other personal service activities sector while a decrease was mainly seen in the construction sector. As to the underemployment rate, an increase was mainly observed in the foundation and superstructure works of the construction sector while a decrease was mainly seen in the repair, laundry, domestic and other personal service activities sector.

Employment decreased by around 2 500 to 3 810 900  and the labour force also decreased by around 7 000 to 3 947 000.

The Secretary for Labour and Welfare, Mr Matthew Cheung Kin-chung commented that while the labour market is expected to remain largely stable in the near term, the considerable external uncertainties and their potential impact on the local economy remain causes for concern.

 Hong Kong Unemployment Rate Remains at 3.4%


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
11/17/2016 10:36:57 AM