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HK Latest Unemployment Rate Hikes to 3.4%, Beating Forecast
The seasonally adjusted unemployment rate increased from 3.2% in January-March 2025 to 3.4% in February-April 2025, higher than the market consensus of staying at 3.2%, according t...
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HK Latest Unemployment Rate Hikes to 3.4%, Beating Forecast
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The seasonally adjusted unemployment rate increased from 3.2% in January-March 2025 to 3.4% in February-April 2025, higher than the market consensus of staying at 3.2%, according to the latest labor force statistics (i.e. provisional figures for February-April 2025) released by the Census and Statistics Department of Hong Kong (C&SD). The underemployment rate also increased from 1.1% in January-March 2025 to 1.3% in February-April 2025.

Comparing February-April 2025 with January-March 2025, the unemployment rate (not seasonally adjusted) increased in many major economic sectors, with more distinct increases observed in the construction sector, accommodation services sector, food and beverage service activities sector, and financing sector.

Meanwhile, declines in the unemployment rates were seen in the information and communications sector; insurance sector; and arts, entertainment and recreation sector. As to the underemployment rate, increases were mainly seen in the construction sector and cleaning and similar activities sector.

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