Unemployment in Hong Kong

Hong Kong Unemployment | Economic News & Forecasts

Hong Kong - Unemployment

Economic growth slumped to a near-decade low in Q1 2019, as private consumption stalled despite a healthy rebound in the stock and property markets, while the persistent drag from the U.S.-China trade war was likely partly responsible for contractions in fixed investment and goods exports. Turning to Q2, though little data is available yet the picture looks set to remain downbeat, despite a likely uptick in growth. The PMI notably remained mired in contraction in April, and the escalation of the trade war on 11 May—when the U.S. administration increased tariff rates on Chinese imports—is poised to further weigh on business confidence and investment unless a deal is reached swiftly. Moreover, weak April data in China suggests additional headwinds ahead. Although the next G20 summit on 28-29 June could provide an opportunity to defuse trade tensions, a trade deal now appears increasingly unlikely.

Hong Kong - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.4  3.2  3.3  3.4  3.1  

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Hong Kong Unemployment Chart


Hong Kong Unemployment

Hong Kong Facts

ValueChangeDate
Bond Yield1.673.38 %Jun 13
Exchange Rate7.83-0.11 %Jun 13
Stock Market27,295-1.92 %Jun 13

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