
Hong Kong: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 3 percent as of December 2024, a decline compared to the previous value of 3.1 percent. Historically, the average for Hong Kong from August 1981 to December 2024 is 3.72 percent. The minimum of 1 percent was recorded in May 1989, while the maximum of 8.5 percent was reached in April 2003.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Census and Statistics Department Hong Kong
Recent values | Hong Kong: Unemployment rate, percent |
---|---|
2024  Dec | 3 |
2024  Nov | 3.1 |
2024  Oct | 3.2 |
2024  Sep | 3.1 |
2024  Aug | 3.2 |
2024  Jul | 3.1 |
2024  Jun | 3 |
2024  May | 3 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Labor force | 3.88 | 2023 | million people |
Unemployment rate | 3.93 | 2023 | percent |
Female unemployment | 3.20 | 2023 | percent |
Male unemployment | 4.66 | 2023 | percent |
Youth unemployment | 10.45 | 2023 | percent |
Labor force participation | 57.60 | 2023 | percent |
Labor force: percent female | 49.78 | 2023 | percent |
Female labor force participation | 52.34 | 2023 | percent |
Male labor force participation | 63.97 | 2023 | percent |
Self-employment | 8.45 | 2022 | percent |
Employment | 3.72 | 12/2024 | million employed people |
Unemployment rate | 3.00 | 12/2024 | percent |
Labor cost | 275.40 | Q3/2024 | index points |