Financial News: Hong Kong Jobless Rate Rises To 3.7%

Hong Kong Jobless Rate Rises To 3.7%

08/19/2025 - 05:12:00 (RTTNews)

(RTTNews) - Hong Kong's unemployment rate increased in the May-July period, labor force statistics from the Census and Statistics Department showed on Tuesday.

The seasonally adjusted unemployment rate stood at 3.7 percent in May-July, up from 3.5 percent in the April-June period.

The data showed that the underemployment rate remained steady at 1.4 percent.

On an unadjusted basis, the unemployment rate also rose to 3.8 percent from 3.6 percent.

The number of unemployed individuals was 145,800, compared to 136,200 in the April-June period.

The unadjusted unemployment rate increased in many major economic sectors, with more distinct increases observed in the foundation and superstructure sector, food and beverage service activities sector, retail sector, and real estate sector.

Data showed that total employment increased by 14,000 to 3.67 million, and the labor force increased by around 22,700 to 3.81 million.

"The sustained growth of the Hong Kong economy should be able to drive job creation, creating more employment opportunities for fresh graduates and school leavers joining the labor force," Chris Sun, the secretary for labor and welfare, said.

"While unemployment rates across various industries will continue to hinge on their respective business conditions, the government's various measures to promote economic growth, bolster consumption sentiment, and attract investment are anticipated to support the overall labor demand."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Ten-Year Note Auction Attracts Above Average Demand (03 hr(s), 47 min(s), 49 sec(s) ago)
(RTTNews) - A day after reporting above average demand for this month's three-year note auctio ...Full Story»

U.S. Crude Oil Inventories Unexpectedly See Continued Growth (07 hr(s), 23 min(s), 49 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday unexpectedly s ...Full Story»

Brazil Inflation Eases To 6-month Low (07 hr(s), 29 min(s), 49 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation moderated further in August to the lowest level ...Full Story»

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected (07 hr(s), 44 min(s), 49 sec(s) ago)
(RTTNews) - Wholesale inventories in the U.S. increased slightly less than expected in the month o ...Full Story»

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August (08 hr(s), 05 min(s), 49 sec(s) ago)
(RTTNews) - Largely reflecting a sharp pullback in prices for trade services, the Labor Department ...Full Story»

Portugal Inflation Confirmed At 2.8% (09 hr(s), 14 min(s), 49 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased as initially estimated in August to ...Full Story»

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August (09 hr(s), 25 min(s), 49 sec(s) ago)
(RTTNews) - Largely reflecting a sharp pullback in prices for trade services, the Labor Department ...Full Story»

Austria Production Index Rises 1.8% (10 hr(s), 15 min(s), 49 sec(s) ago)
(RTTNews) - Austria's production index expanded at a slower pace in July amid a contraction in ...Full Story»