The seasonally adjusted unemployment rate in Hong Kong decreased to 3.7% from January to March.
The Census and Statistics Department of the Hong Kong government today released the labor force statistics for the period from January to March 2026. The seasonally adjusted unemployment rate decreased from 3.8% from December 2025 to February 2026 to 3.7% from January to March 2026.
The Hong Kong Census and Statistics Department released today the labor force statistics for January to March 2026. The seasonally adjusted unemployment rate decreased from 3.8% in December 2025 to February 2026 to 3.7% in January to March 2026. The underemployment rate also decreased from 1.7% in December 2025 to February 2026 to 1.6% in January to March 2026.
Comparing with December 2025 to February 2026, during January to March 2026, the unemployment rates in various industries (not seasonally adjusted) showed different changes, with a notable decrease in the accommodation services sector. The underemployment rate decrease was mainly seen in the foundation and superstructure construction industry.
The total employment decreased from 3.663 million in December 2025 to February 2026 to 3.657 million in January to March 2026, a decrease of about 7,300 people. Similarly, the total labor force decreased from 3.7977 million to 3.7924 million, a decrease of about 5300 people during the same period.
The number of unemployed (not seasonally adjusted) increased from 134,700 in December 2025 to February 2026 to 136,600 in January to March 2026, an increase of about 1900 people. Meanwhile, the number of underemployed decreased from 63,400 to 60,100, a decrease of about 3,300 people during the same period.
Commenting on the latest unemployment figures, the Secretary for Labour and Welfare, Yuen Yuk-han, stated, "The seasonally adjusted unemployment rate for January to March 2026 decreased by 0.1 percentage point from the previous three months to 3.7%. At the same time, the underemployment rate also decreased by 0.1 percentage point to 1.6%. The labor force and total employment numbers slightly decreased."
Looking ahead, Yuen Yuk-han said, "The continuous economic growth in Hong Kong should provide support to the overall labor market. The government will continue to closely monitor the development of geopolitical situations and assess their potential impact on the labor market."
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