Hong Kong Unemployment Rate

Unemployment Rate in HK Holds Steady at 3.80 Percent January Report Shows Stable Unemployment Rate in HK The unemployment rate measures the share of the labor force without work but actively seeking employment. In Hong Kong, the unemployment rate remained steady at 3.80 percent in January, matching the previous month’s figure and slightly below market expectations of 4.00 percent. Fast facts: the rate has held at 3.80% for two consecutive months, showing resilience amid global economic uncertainties; this stability contrasts with a gradual rise from 3.20% in April last year. Economists from Morgan Stanley note that "Hong Kong’s labor market is demonstrating notable strength despite external pressures, supported by steady consumer spending and easing inflation." The Federal Reserve’s cautious stance on interest rates may also be helping to sustain demand in the region. Overall, the data suggests a balanced labor market as Hong Kong navigates ongoing economic challenges.