Hong Kong Unemployment Rate Steady at 3.3%


In November of 2013, Hong Kong's jobless rate remained unchanged at 3.3 percent, the same rate recorded in the last five months. Total employment rose 2.4 percent over a year earlier by 86 500 and the jobless rate can be expected to stay at a relatively low level in the near term due to the business activity in the run-up to Christmas and the New Year.

Comparing September - November 2013 with August - October 2013, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the transportation and construction sectors, while decreases were mainly seen in the food and beverage service activities, and education sectors. As to the underemployment rate, decreases were mainly observed in the decoration, repair and maintenance for buildings, and cleaning and similar activities sectors.

Total employment decreased by around 5 100 from 3 747 800 in August - October 2013 to 3 742 700 in September - November 2013. Over the same period, the labour force also decreased by around 8 000 from 3 877 900 to 3 869 900.

The number of unemployed persons (not seasonally adjusted) decreased by around 2 900 from 130 100 in August - October 2013 to 127 200 in September - November 2013. Over the same period, the number of underemployed persons also decreased by around 1 500 from 56 800 to 55 300.

Hong Kong Unemployment Rate Steady at 3.3%


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
12/17/2013 9:26:14 AM